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Jan 01, 2005, 11.02 AM IST | Source: Moneycontrol.com

Sector Watch: Cement, media and gas

BSE Member Ramesh Damani and S Nagnath of DSP Merril Lynch are bullish on cement, engineering, technology, banking, and pharma.

BSE Member Ramesh Damani and S Nagnath of DSP Merril Lynch, are bullish on cement, engineering, technology, banking, pharma, media, gas.


Naganath: From a sectoral point of view, we continue to like cement and engineering, which are essentially of the growth and infrastructure stories.


Naganath: Pharma is a more bottom-up story. which will continue to do well in the course of the next two to three years.


Naganath: We like tech, even though we have an appreciating currency. I think, that will be more than offset by growth in volumes. Outsourcing will continue to remain very predominate and will benefit the sector.


Naganath: Banks in general have done well and will continue to do so over the next two to three years. From the interest rate point of view, they will benefit if the rates remain stable or soften from here. Inflation will begin moderating in the first half of next year, as a result of which rates are going to be more or less range-bound. They may even soften further from here.

Media and gas

Damani: We see value in select sectors like media and gas, which are reasonable." He added, "Especially in the month of January, when liquidity will be sloshing in the markets, the large caps will have a good run."


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