Don't see major upside for pharma; bullish on Infy: Emkay

Sachin Shah, Fund Manager, Emkay Investment Managers in an interview to CNBC-TV18’s Sonia Shenoy and Anuj Singhal spoke extensively on outlook for sectors like IT, pharma, autos and the midcap space.According to him, although pharma space seems to be the flavour of the month, there is unlikely to be major upside for it and any upside seen could be event or stock specific, he adds.He is very upbeat on the IT space and is bullish on Infosys on back of paradigm shift in terms of management approach and a warchest of cash reserves. He also likes HCL Technologies where valuations are still not expensive and believes it presents a good investment idea.For more on his sector outlook watch video