Parag Thakkar bullish on IT space

Parag Thakkar, Head of Sales at HDFC Securities told CNBC-TV18, "In domestic cyclical, I like Grasim Industries. The stock is close to its book value. The company has very little debt on its books and has huge capacity in the form of UltraTech Cement. So, it is a stock specific opportunity."

"In IT, I remain structurally bullish because once US and Europe demand environment is changing for the positive and if there are continued talks of tapering and all, rupee cannot appreciate significantly. Therefore, both ways IT should be set to gain," he added.