MindTree, HCL Tech good bets: Nitin Raheja

MindTree and HCL Tech are good bets in midcap IT names, says Nitin Raheja, CIO, Rada Advisors.

Raheja told CNBC-TV18, “If you look at this market this is going to be in the next six months a bottom-up oriented market. You had the beta rally which took the market up in January. You are seeing fund flows being erratic to tepid at this point of time.”
He further added, “Stocks which have good stories emanating and good numbers are going to deliver. I think we like some of the midcap IT names. We have been saying that for some time, companies such as Hexaware, Polaris, MindTree, HCL Tech has been one among the larger caps. One has to look for these stories and these stories will continue to deliver that outperformance. So really it’s going to be bottom-up alpha which is going to call the shorts.”