Amisha Vora of Prabhudas Lilladher told CNBC-TV18, "Putting aside this volatility which we think will probably continue to be there over the next six months we do think that US and European markets are slightly improving. We think that in terms of business outlook software continues to be a reasonably good place. To some extent in a rising market it will remain sober or it will underperform but on a medium to long term basis they will continue to outperform."
"In terms of financial, despite the fact that public sector undertaking (PSU) banks are very cheap at the moment we think that they will continue to remain a trading opportunity and structurally one will still have to go with private banks but at this juncture we are not going overweight on banking and financials stocks," she said. "Our top pick is Tech Mahindra and Wipro on the software side and Hero Motocorp within the auto pack. Within financials we have ICICI Bank and ING Vysya Bank as some of our top picks. Larsen and Toubro (L&T) continues to be our capital goods engineering and infra top pick and the stock should do very well going forward." Also Read: Tech Mahindra bags outsourcing deal from VolvoDiscover 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!
