Deepesh Pandey, Head of Investments, IIFL Capital is underweight on cement and IT space.
Lack of clarity on various domestic and global issues has pushed the market in a narrow trading range, feels Deepesh Pandey, head - investments IIFL Capital. But, he is hopeful that some triggers might emerge in the next three-six months would direct the future course of market.
Deepesh Pandey, Head - Investments, IIFL Capital is overweight on private sector banks.
In an interview with CNBC-TV18, Deepesh Pandey, head of investments at IIFL Capital Pte, spoke about his reading of the market and the road ahead.
MindTree and Hexaware may see 5- 10% upside, says Deepesh Pandey, Head - Investments, IIFL.
With private sector banks doing well & property looking up after the new FSI regulations, Deepesh Pandey of IIFL feels these two sectors are the best bets now. The involvement of the PMO in Coal India has the optimism of sustainable solutions. India will continue doing very well though it needs to consolidate in the very short term.