Buy Infotech, HCL Tech, Ipca Labs: Nirmal Jain

Nirmal Jain, chairman of IIFL told CNBC TV18, "In IT stocks I like Infotech Enterprises and HCL Technologies. In pharma one can look at Ipca Laboratories, Torrent Pharma and Dr Reddys Laboratories. Dr Reddys Laboratories may be slightly expensive, but not as expensive as Sun Pharmaceutical Industries."

On November 1, Infotech Enterprises closed at Rs 249.50, down Rs 0.75, or 0.30 percent. Infotech Enterprises touched its 52-week high Rs 255.25 and 52-week low Rs 165.15 on 31 October, 2013 and 06 August, 2013, respectively. On November 1, HCL Technologies closed at Rs 1,099.70, up Rs 6.45, or 0.59 percent. HCL Technologies touched its 52-week high Rs 1,177 and 52-week low Rs 617.90 on 15 October, 2013 and 19 November, 2012, respectively.