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Nov 21, 2006, 10.03 AM IST
While the BSE Tech Index may have gained over 1% in the last week, Technology Analyst at Angel Broking, Harit Shah, suggests that one needs to be selective in picking stocks when it comes to the midcap technology space, reports CNBC-TV18.
While the BSE Tech Index may have gained over 1% in the last week, Technology Analyst at Angel Broking, Harit Shah, suggests that one needs to be selective in picking stocks when it comes to midcap technology space.
Excerpts from CNBC - TV18’s exclusive interview with Harit Shah:
Q: What stocks are you recommending in the midcap technology space? Do you see headroom considering that IT has continued to hold out even on bad days?
These companies have got strength in their particular niche areas of operation and are not like the top tier software companies, who have strength across industries, across verticals, across service lines.
So obviously these are the kinds of stocks, which the investor should look at, if he is investing in a midcap IT stock.
Q: Product versus pure services?
A: I wouldn’t necessarily pick one over the other. For example, a company like 3i Infotech is a products cum services play. I am definitely bullish on certain software product companies like 3i Infotech.
Subex is another interesting play. We don’t track the stock at the moment, but it definitely is a very interesting play on the telecom space as far as products are concerned.
So I wouldn’t necessarily pick one over the other. You need to look into the merits of every individual company as a bottom up approach and then take a call.
Tags: Angel Broking, Harit Shah , Prithvi, 3i Infotech, Infotech Enterprises , midcap IT stock, software product companies , Subex
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