Prefer Infosys, Tech Mahindra, Hexaware: CK Narayan

CK Narayan, MD of Growth Avenues told CNBC-TV18, "It is pretty logical to think that the market would first give preference for the traditional defensives. IT has been doing very well in the recent run up and it continues to do well. So I would certainly prefer some IT bets. Infosys is looking up after a very long time. It should sustain. I think Hexaware is making some renewed moves to go up and Tech Mahindra leads from the front. So in IT space these would be the three stocks that I would concentrate on.”

He further added, “I would look at some of the pharmaceutical names which are the traditional long items, Lupin and maybe Cipla to some extent. So these are some names that we could go into.”