Prakash Diwan, Asit C Mehta Investment advice traders to buy Kingfisher Airlines and Sintex at current levels.
Diwan told CNBC-TV18, "The high beta stocks would only be looked at from a pure trading perspective. They would help you create that additional alpha in the portfolio but you need to be very nimble. At times I have seen trades could be squared off on an intraday basis also and not even taken position overnight. So you have the likes of a Kingfisher where there any positive news could change things dramatically and another 10-15% of an upside is also possible."
He further added, "Buy into Kingfisher every time it goes down drastically, buy into Sintex because things are going to definitely look much better for this company in the coming quarter and the same thing goes for a lot of these media stocks that suddenly have started getting a buzz from today."
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