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'Sell at the right time'

Look for opportunities that will pay over the next few years. Infrastructure is still attractive, considering the projects planned and their gestation time, says R K Gupta, Managing Director, Taurus Mutual Fund.

R K Gupta | Print Edition: October 16, 2008

R K Gupta

Track record: Worked with the Punjab National Bank and its mutual fund arm in various capacities from the 1980s. Joined Taurus MF in 1998-99.

Investment mantra: To select stocks from sectors that can gain from economic development. Also, not to be greedy, hoping for stock prices to keep rising.

Best call over the past few months: We bought Reliance Infra for Rs 550 in April 2007. The stock price has fallen, but at Rs 850 it’s not bad, given the current market conditions.

Worst call over the past few months: Not exiting some of the stocks at levels where we could have booked good profits. For instance, our average holding price for Adlabs was Rs 450. It went up to Rs 1,500, but now it is below the holding price.

Top picks right now: Reliance, ITC and Infosys.

Advice to small investors: Look for opportunities that will pay over the next few years. Infrastructure is still attractive, considering the projects planned and their gestation time.

One thing investors must never forget: They need to look at external factors that affect stock markets and they should educate themselves further.

R K Gupta,Managing Director, Taurus Mutual Fund

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