The FIIs eagerly await the monetary policy on February 8, where they expect a rate push to facilitate the economic growth the Budget envisions, Shilpa Kumar, MD and CEO, ICICI Securities.
Given the underperformance in IT and Pharma space, the two can be the ‘hiding places‘ and may outperform in the broader market, says Yogesh Radke of Edelweiss Securities.
After successfully acquiring the international operations of a US-based BPO firm and picking up minority stake in an Indian software firm, Mahindra Satyam has said it is looking at acquisitions in South and Central America and Eastern Europe.