Look at midcap IT, pharma stocks: Sudip Bandopadhyay

Sudip Bandopadhyay, Market Expert told CNBC-TV18, "Midcap is a space where you should always trade with caution. There are enough and more opportunities of picking good stocks for fundamental reasons and make money. You have to be extremely cautious in the midcap universe, there are all kind of stocks with all kind of management. Having said that even now there are lots of good companies in midcap IT, pharma and midcap cement which are definitely worth looking at."Firstsource Solutions closed at Rs 39.90, up Rs 1.10, or 2.84 percent. It has touched an intraday high of Rs 40.20 and an intraday low of Rs 38.10.Cipla closed at Rs 635.20, up Rs 11.80, or 1.89 percent. It has touched an intraday high of Rs 639.75 and an intraday low of Rs 621.70.