According to Sangeeta Purushottam, Professional Investor, HCL Technologies and Tata Consultancy Services (TCS) are looking safe in the IT space.
Sangeeta Purushottam, Professional Investor says the rupee has depreciated and the overall prognosis on the rupee is still fairly subdued or negative, which is really supporting IT stocks.
Sangeeta Purushottam, Professional Investor feels largecap IT stocks are still safer. She says she would buy IT primarily as a hedge against the rupee.
According to Sangeeta Purushottam, Professional Investor, the growth outlook in pharmaceutical space is better than IT.
Professional investor Sangeeta Purushottam suggests market participants to be cautious as the market is likely to be volatile this year. Global liquidity risk and domestic political risks are likely to prevent the market from a runaway rally, she said
One can add Reliance Industries and Oil and Natural Gas Corporation (ONGC) at lower levels, says Sangeeta Purushottam, Professional Investor.
Sangeeta Purushottam, Professional Investor is remains skeptical on metals for a while.
Sangeeta Purushottam, Professional Investor feels that there could be more upside in Tata Motors.
Invest in telecom sector, says Sangeeta Purushottam, Professional Investor. The sector is bottoming out, so over the next one-two years it could be a potential outperformer.