Buy Infosys, Mannapuram Finance: Pankaj Jain

Pankaj Jain of Sunteck Wealthmax Capital told CNBC-TV18, "The kind of bounce back we have seen in Infosys and all these leading IT stocks, this has got something to do with the weakness of rupee which at current level seems that could extend and we believe that rupee could move to levels closer to 63.30-63.40. Infosys is showing a lot of positive traction and apart from that another positive factor with Infosys is the stock would go ex-bonus sometime soon and record date would be out soon. There could be lot of tax harvesting. People buying into Infosys and booking short-term loss post record date and people don’t mind holding Infosys on a longer term post ex-bonus kind of thing."

"Manappuram Finance is trading at closer to new 52 week high and Q2 results were the catalyst. Very strong Q2 results, management was pretty upbeat and very optimistic and not to forget that the kind of valuations Manapuram Finance is carrying, closer to 1.1-1.2 times the book value, not many decent NBFCs are available at those kind of valuations. With results showing up beat nature and expected good results in Q3-Q4, I think this stock could move up. Immediate basis we have a target price of closer to Rs 39-39.5 and on a very short-term basis we believe that stock could move to levels closer to Rs 42-43. So, Infosys and Manapuram Finance are two bets for tomorrows trading and maybe for days to come also," he said.