Dipan Mehta bullish on NBFC sector

Dipan Mehta Member of BSE & NSE told CNBC-TV18, "We are very bullish on the NBFC sector and I think microfinance company SKS Microfinance, housing finance companies like LIC Housing Finance and Repco Finance and consumer finance like Bajaj Finance appeal to us and I think they have a good shot at being outperformers. Within tech, our favourite is Tata Elxsi. In pharma we prefer Glenmark and in the FMCG sector Emami could be outperformers as far as the peer group is concerned."

"In the large cap space, I think the preference has to be for telecom stocks. We saw Idea Cellular's numbers and looking forward to Bharti Airtel as well, I think these two stocks could really outperform apart from the private sector banks. So, that is where I think we are kind of seeing our exposure sectorwise. We may be little bit underweight in the large cap tech stocks and a bit cautious on the large cap pharma companies considering a lot of investors are overweight over there and base effect may mean that the performance year on year may not be that appealing," he said.