According to Sanju Verma, Group CEO at Violet Arch Capital Advisors, one may prefer MindTree and NIIT from midcap IT space.
Sanju Verma, MD & CEO of Violet Arch Capital Advisors is of the view that one may short YES Bank and Axis Bank.
US Federal Reserve is unlikely to taper in the near-term because unemployment and inflation won't ease anytime soon, says Sanju Verma.
The IT sector does not have a very smooth run ahead, feels Sanju Verma, MD & CEO, Violet Arch Capital Advisors. She also believes the market overtly reacted to the Fed talks on QE pullback.
India VIX has been making higher lows as well as higher highs. The lower end of the India VIX has been trading in the region of 13-14, and the higher end has been trading in a band of 18-20. If the India VIX were to breach 20 on the upside, in the intermediate to short-term there could be more trouble.
Mithil Pradhan of Violet Arch Capital Advisors is advising clients to buy Reliance Infrastructure and sell Reliance Power.
Mithil Pradhan of Violet Arch Capital Advisors says that we are advising clients to short Ranabxy and buy any pharma stock. It could be something like Sun Pharma or Dr Reddy's or it could be simply sell Ranbaxy and Nifty. With the exception of Ranbaxy more or less we continue to remain bullish on all the pharma names in the sector.
Mithil Pradhan of Violet Arch Capital Advisors feels that TCS is one of the best stocks in the IT universe. He is looking at Rs 1,580-1,590 as the short to medium-term target in TCS and would strongly recommend going long.
The government's divestment agenda has gathered momentum and Sanju Verma MD & CEO of Violet Arch Capital Advisors prefers SAIL among the upcoming issues. She considers its valuations attractive and expects SAIL to give a healthy return
In an interview to CNBC-TV18, Mithil Pradhan of Violet Arch Capital Advisors says the chances of an upside are much higher compared to the chances of a downside. "I recommend buying on declines."
Buy Tata Steel on dips, says Mithil Pradhan of Violet Arch Capital Advisors. The stock has created a three-drive pattern around the Rs 350 sort of area suggesting that the overall bottoming out process is completed for the medium-term.
PSU banks and housing finance companies are likely to do well going ahead, says Mithil Pradhan of Violet Arch Capital Advisors.
In an interview to CNBC-TV18, Sanju Verma of Violet Arch Capital Advisors says she is not cautious as yet. "We are looking at the market inching towards our fiscal year-end target of 22,000 by end of March 2013," she adds.
Sanjay Chawla, senior telecom analyst at JM Financial is of the opinion that it might be a good bet to apply for the IPO. He believes, if an investor takes a six to twelve month time frame, Rs 210 to Rs 240 could be a fair value.
After Reliance Industries declared its Q2 results, Sanju Verma of Violet Arch Capital Advisors expects the company's shared to remain rangbound in the near term adding that its performance is comforting on a sequential basis.
Sanju Verma, managing director and chief executive officer, Violet Arch Capital Advisors is very bullish on Apollo Tyres and Shriram Transport. "Within financials, Bank of Maharashtra, Shriram Transport and J&K Bank would be the pecking order within the midcap space that we cover at our end," she adds.
SAIL and Hindustan Zinc are top picks in metal space, says Sanju Verma, MD & CEO, Violet Arch Capital Advisors.
Sanju Verma, MD & CEO Violet Arch Capital Advisors, says that for India, the month of September from medium returns perspective has been one of the best months for Indian stock markets in the last 21 years with the medium return of 4%.
Mithil Pradhan, Violet Arch Capital Advisors advice traders to go long on HUL and ITC. One can even look at Ranbaxy Labs as it has potential to move up.
Mithil Pradhan, Violet Arch Capital Advisors advice traders to short Sterlite Industries around Rs 110- 112.
L&T may outperform BHEL, says Mithil Pradhan, Sr. Vice President - Technicals & Derivatives, Violet Arch Capital Advisors.
ICICI Bank may give good returns, says Mithil Pradhan, Sr. Vice President - Technicals & Derivatives, Violet Arch Capital Advisors.
Sanju Verma, MD & CEO, Violet Arch Capital Advisors feels that PNGRB's order to cut tariffs will make it difficult for IGL to operate
SAIL will outperform in the metal space, says Sanju Verma, MD & CEO, Violet Arch Capital Advisors.
Sell HDFC Bank, says Sanju Verma, MD & CEO, Violet Arch Capital Advisors.