Watch the interview of Phani Sekhar, Angel Broking with Menaka Doshi, Anuj Singhal and Senthil Chengalvarayan on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
Below is the verbatim transcript of Phani Sekhar's interview with CNBC-TV18.
On typical high beta days you have opportunities in IT, fast moving consumer goods (FMCG) and pharmaceutical sectors. Largecap IT is something that we have liked, so Infosys and Wipro continue to be top picks.
In pharmaceutical space Ipca Laboratories is giving a wonderful opportunity for medium to long-term. The concerns have been blown out of proportion for Ipca. The company is following up on remedial action and the price correction has given a wonderful entry point for longer term investors. So Ipca is something that we would like to recommend.
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