'The worst seems over for now' - Shankar Sharma

Shankar Sharma, chief global trading strategist, First Global, spoke to Ujjval Jauhari on the markets.

How do you see the markets panning out from here on, given the recent sell-off? What are the likely triggers for an upside / downside?

The worst seems to be over for now. We will have to see what fresh developments take place globally, but I don’t see an immediate downside from here on. The markets have corrected substantially and we can argue to a reasonable extent that the negatives are factored in at current levels.

Buy GTL Infra; target of Rs 20: A C Choksi

A C Choksi is bullish on GTL Infra and has recommended buy rating on the stock with a target of Rs 20 in its July 29, 2011 research report.

“GTL Infrastructure Limited formed in Feb.2004 belongs to the Global Group enterprise. The Global Group has 7 operating companies (two of which are listed on the stock exchanges) operating in 46 different countries. GTL Infrastructure Limited is engaged in the business of Shared Passive Telecom Infrastructure in India. The company builds, owns, operates and maintains passive network infrastructure (towers) to cater to the infrastructure needs of cellular telecom operators. GTL's towers are distributed across High Average Revenue Per User (ARPU) generating Metros and Class A Circles and high growth regions of Class B & C Circles which benefits the telecom operators to rollout 2G, 3G or BWA on a pan-India basis in a short time.”

Tulsian's multibaggers for today: Cummins & Ruby Mills

In an exclusive interview to CNBC-TV18, SP Tulsian of sptulsian.com spills out his multibagger picks —Cummins & Ruby Mills .

He finds Cummins strong business model, health order pipeline and consistence on margins lucrative to acquire the stock with a time horizon of about six to eight months. He sees vast rerating for the Ruby Mills stock and says, he is positive on the stock from both short-term and long-term point of view.

Below is an edited transcript of SP Tulsian’s comments on CNBC-TV18. Also watch the accompanying video.