Prakash Diwan, Prakash Diwan's Wealth Circle is upbeat on RIL, Infosys and Natco Pharma.
Diwan told CNBC-TV18, “I believe you could probably see the likes of Cairn India, ITC. The auto pack might not overwhelmingly participate in this, but the banking majors like Axis Bank, ICICI Bank and even RIL for that matter. We are expecting a lot of steam from RIL to participate in this rally and maybe to some extent Infosys coming back of it and getting back into its number two slot. So those are the heavyweights which could bring the Nifty up and you would see below this cross the entire midcap activity also kind of taking some very new highs in terms of volumes particularly. It will be much more broader and much more deeper in terms of volumes.”
He further added, “From the pharma space we like Natco Pharma. We have had a call on Mahindra Holiday Resorts that is again an offbeat kind of stock but very promising. Amongst the midcap IT space Hexaware. So these are the stocks which could give you much better returns in the market which could just jump maybe 5 percent and you have 6000 on the Nifty, but these are stocks which could be in double digit kind of returns very soon.”
Diwan told CNBC-TV18, “I believe you could probably see the likes of Cairn India, ITC. The auto pack might not overwhelmingly participate in this, but the banking majors like Axis Bank, ICICI Bank and even RIL for that matter. We are expecting a lot of steam from RIL to participate in this rally and maybe to some extent Infosys coming back of it and getting back into its number two slot. So those are the heavyweights which could bring the Nifty up and you would see below this cross the entire midcap activity also kind of taking some very new highs in terms of volumes particularly. It will be much more broader and much more deeper in terms of volumes.”
He further added, “From the pharma space we like Natco Pharma. We have had a call on Mahindra Holiday Resorts that is again an offbeat kind of stock but very promising. Amongst the midcap IT space Hexaware. So these are the stocks which could give you much better returns in the market which could just jump maybe 5 percent and you have 6000 on the Nifty, but these are stocks which could be in double digit kind of returns very soon.”
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