Buy now with 12-18 month horizon: DSP ML

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 Naganath of  DSP Merrill Lynch AMC said the possibility of slower earnings has been discounted in the price already.

 

He feels investors should invest over the next 3-6 months and then sit tight for another 12 months. "We may have to deal with negative sentiment that flows from global events over the next three to six-months. There will be continued de-leveraging and selling by hedge funds and others because they need liquidity. There is nothing we can do about it. But once that is passed, the next three to six-months will offer one of the best buying opportunities for an Indian investor. If one considers a holding period of 12-18 months, by late 2009 to early 2010, such an investor would find no reason to be unhappy with a buying decision over the next three to six-months."

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