Buy Persistent Systems: Sudip Bandopadhyay

Sudip Bandopadhyay, Market Expert told CNBC-TV18, "On the pharmaceutical side, we like Torrent Pharma, it is an excellent company. They are doing quite well. The valuations have not reached the kind of valuations which in some of the frontline pharmaceuticals we have seen. I think there is significant scope for appreciation.""On the midcap IT side, we like Persistent Systems quite a bit. We believe that the real upside in this is yet to come. We can see about 20-30 percent upside in about a year’s time. The telecom related acquisitions on the software space which they did is going to stand them in good stead. The US business and US client acquisition is going at a very smooth pace. So, overall, we think that Persistent is an excellent buy at current level," he said."If somebody has to really play cigarettes, they should play ITC or even VST Industries. VST will be my recommendation, not Godfrey Phillips India. Remember that GST implementation will benefit the cigarette companies. If and when the tobacco gets covered, so that will definitely impact the valuations, but as things stand today, VST will be my pick."