Despite the recent rally in the market, Mithil Pradhan of Violet Arc Global Managers does not think it is the right time to go in for profit booking. He is extremely bullish on the market. He is looking for a breakout in sectors such that PSU banks and IT that are not doing too well at the moment.
He recommends investors to continue to stay invested and buy on dips. He is bullish on stocks such as Cipla, Biocon, HUL, LIC Housing Finance and GIC Housing Finance. He also likes the midcaps space, especially names such as Arvind and PVR.
Market expert Shashi Bhushan advises investors to stick to largecap IT companies.
Post UltraTech Cement's first quarter numbers, Mayuresh Joshi of Angel Broking says he liked the stock at lower levels. He says the company's performance on the EBITDA front and bottomline was good. "It was an all-round performance. But a lot depends on performance sustainability and what the management has to say," he told CNBC-TV18.
Joshi also likes Asian Paints despite the fact that it is expensive. He says the stock derives its valuation premium on the back of earnings and also being the market leader in the segment. He believes that the company will benefit from economic revival and capacity addition.
In the banking space, Joshi has a bias towards large private banks.
However, independent market expert Hemindra Hazari says if things stay the way they are and the economic revival takes more time and earnings don't revive any time soon, then the asset quality of private sector banks too will take a hit.
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