Sukhani told CNBC-TV18, "We must remember that in the last one month Subex has fallen from Rs 100 to Rs 56 and that is in a market that did not do so badly. So clearly there is a problem with the stock, which has fallen 44% in a month.”
He further added, “I would not recommend buying. If you already own the stock hold on to it because who knows this maybe the bottom. So you do not want to sell here, but if you have money you have so many other opportunities. I would not suggest Subex as a buy, just hold it."
Baliga told CNBC-TV18, "We have been recommending Subex for a while. I think, at least in the short to medium term, we should see levels of around Rs 110-120. Longer term we should see levels of Rs 160-170. In the last two years, it has lot of problems especially with the Foreign Currency Convertible Bond (FCCB); with its acquisition but their core business was still doing extremely well.”
He further added, “I think now this FCCB issue is out of the way, the promoters are increasing stake, they have recently received a large order and we should always remember that they cover nearly 50% of the larger telecom players like in the world. So I think from the client line-up point of view also it is doing decently well. So from here the downside is very-very limited, downside is limited to around Rs 58-60 levels, whereas the upside is very extremely decent.”
On Fame India:
Sukhani told CNBC-TV18, "I think Fame India is a sell. The investors should listen to this advice and keep on selling at every circuit because it is quite possible that one of these days you will have a lower circuit and then you won’t be able to sell out at all.”
He further added, “I don’t see anything more than Rs 65-70 almost where it is now. So, since you cannot get the top anywhere that has been the all time highs for Fame India; earlier Rs 68 or so. I don’t see it going much higher than that. It is much better to sell, remember it has moved up from Rs 10 to Rs 65.”
Baliga told CNBC-TV18, "I think, as an investor, one is getting extremely good value for Fame India against the levels it was quoting sometime back, it has actually appreciated nearly 50-80% from those levels. So at these levels, the investor should fully start booking out because as we are seeing like circuits on a daily basis, so at every circuit, investor should sell possibly 20-25% of holdings.”
He further added, “The way I see it, possibly it may not go beyond that Rs 75-80 levels which one has been talking about but at the same time, in case Reliance backs out at some point of time, you could see circuits downwards all the way upto 50. So it does not make sense taking a big risk at this point of time, so one should keep booking out.”
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