Nasscom expects the IT sector exports to grow by 13-15 percent in FY15. The domestic IT market is expected to grow 9-12 percent.
HCL's infra services segment has seen a slower growth of 4.8 percent sequentially, which suggests that IT services have grown even less, says Bhavin Shah, CEO, Equirus Securities.
Bhavin Shah, CEO at Equirus Securities suggests shorting Havells India as there will be significant downside in it.
Bhavin Shah, CEO at Equirus Securities feels that KSK Energy Ventures may go upto Rs 100 within next 12 months.
Bhavin Shah, CEO at Equirus Securities is of the view that Alembic Pharmaceuticals may touch Rs 280. "We expect 500 bps margin expansions between FY14-16 and 40 percent earnings compound annual growth rate between FY14-16," he reasoned.
Bhavin Shah, CEO at Equirus Securities feels that City Union Bank may go above Rs 70.
Bhavin Shah, CEO at Equirus Securities is of the view that Ashoka Buildcon may test Rs 77.
Bhavin Shah, CEO at Equirus Securities advises to prefer Finolex Industries.
Bhavin Shah, CEO at Equirus Securities is of the view that Tata Consultancy Services (TCS) may touch Rs 2600.
According to Bhavin Shah, CEO at Equirus Securities, Sun Pharmaceutical Industries may test Rs 715.
Bhavin Shah, CEO, Equirus Securities talks about the companies he is betting on in the pharma, infrastructure and banking space, among others.
According to Bhavin Shah, CEO of Equirus Securities, Jammu and Kashmir Bank may test Rs 1700.
Bhavin Shah, CEO of Equirus Securities feels that Torrent Power may move up by 150 percent from current levels.
Bhavin Shah of Equirus Securities is of the view that NESCO may test Rs 900 in the next 12 months.
According to Bhavin Shah of Equirus Securities, Power Finance Corporation (PFC) may test Rs 170.
Bhavin Shah of Equirus Securities is of the view that one may pick City Union Bank as the stock may give 30 percent return in the next six months.
Basu Banerjee expects atleast 15 percent upside on HCL Technologies from its current levels when compared to its largecap peers trading at much higher valuations.
In an interview to CNBC-TV18, Bhavin Shah of Equirus Securities picked stocks like Arvind and Hexaware. He sees Arvind going up about Rs 120 in 12 months.
Budget 2013 is an acid test for Finance Minister P Chidambaram as he tries to revive the economy while keeping all stakeholders in good humour. Has he been equal to the task? Find out
In an interview to CNBC-TV18, Bhavin Shah, chief executive officer, Equirus Securities gives his views on HCL Tech's Q2 earnings.
As the earnings season progresses, Bhavin Shah, CEO of Equirus Securities picks the big hits and misses after the Q2 results. According to Shah, Exide was a big miss and they have a short rating on the stock with a target price of Rs 129
Market experts advise investors to hold on Infosys and the UB Group stocks as the situation for both is to improve soon. The experts add that the narrow trading in the Nifty will continue till a clear trend emerges from the Q2 results.
Bhavin Shah of Equirus Securities says he continues to remain bearish on the IT space. Equirus has been cautious on the Indian IT sector since August of last fiscal.
Comparing the performances of both IT heavyweights, Bhavin Shah, CEO of Equirus Securities said, though the numbers registered by TCS are better than Infosys, it is reflecting a situation where the industry is facing slower growth rates.
Bhavin Shah, CEO of Equirus Securities picks Apollo Tyres as a preferred stock, based on its Q4 results.