Moneycontrol
Nov 29, 2016 04:28 PM IST | Source: CNBC-TV18

Buy Lupin, says Sudip Bandopadhyay

Sudip Bandopadhyay, Market Expert suggests buying Lupin.

Sudip Bandopadhyay, Market Expert told CNBC-TV18, "The way things are moving, we all expect dollar to strengthen. How much it will strengthen against which currency is debateable, but overall it looks like dollar will strengthen and obviously it will strengthen vis-à-vis Indian rupee as well. Considering that we are veering towards pharmaceutical stocks. We have excellent companies in Indian capital market listed space, great companies."

"Some of these companies even at current valuation are definitely good pick. Lupin is a fantastic buy at current levels. There are other good companies in the midcap space as well. As a theme we will once again go back to pharma for 2017. Other than that non banking finance companies (NBFCs) can be the second pick."

"Demonetisation is definitely going to help NBFCs eventually. In the short term there can be some destabilisation, but eventually NBFCs are going to fair well. The entire unorganised market moving to the organised sector will definitely favour the established players, so Capital FirstBajaj Finance almost all the leading NBFCs will benefit," he added.

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