Nitin Raheja, founder of ADF Advisors likes KPIT Technologies and Tech Mahindra within the midcap IT space. He also likes rating agency CARE.
"We like rating agency called CARE. Huge cash spewing business and results have been flattish in a very challenging market. However, if you want to play the economy and the up turn in the economy here is a business that you play that where your downside is very limited. It is a business which even the worst of time throws out Rs 100 crore of cash, they pay out Rs 6 of dividend per quarter. You can imagine if the economy turns what kind of business pick up will be seen in that sector," he said.
On November 27, Tech Mahindra closed at Rs 1,689.80, down Rs 27.70, or 1.61 percent.
The share touched its 52-week high Rs 1,762.45 and 52-week low Rs 893 on 20 November, 2013 and 07 December, 2012, respectively.
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