Nikhil Vora, Managing Director & Head - Research of IDFC Securities told CNBC-TV18, "Investors tend to get slightly hallucinated by looking at the index. India's market cap has actually moved down from USD 1.8 trillion to less than USD 1 trillion as of now but the index is down only 13 percent. So despite the index being down 13 percent from peak, the fact that the value of the market is down by 50 percent."
"United Spirits is a stock which I have been a big fan of, so I am still very bullish there. I would be fairly bullish on businesses which are getting consolidated so something like Bharti Airtel, Idea Cellular where the telecom space is getting consolidated, fairly looks exciting right now," he said. "Globally things look lot bitter than what we think is there right now. Lot of mid-tier technology names can have a significant upside attached to them. Pharma businesses like Dr Reddys Laboratories, Cipla, Ipca Laboratories look fairly exciting right now. And some of the infrastructure proxies like IRB Infrastructure and PTC are interesting names to look at as of now."Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
