Sharing his views on specific sectors and stocks, Gurmeet Chadha, Co-Founder and CEO of Complete Circle Consultants, on Friday said that he prefers HCL Technologies and Mindtree in the IT sector and that Coforge’s valuations are expensive.

Share Market Live

NSE

“Coforge is very expensive in terms of valuations. I would go with Mindtree considering the numbers Microsoft has reported, considering the stability now in employee and client count, very granular level of data mining and focus on annuity deals. Amongst the larger names, maybe HCL Technologies, considering that more than 70 percent revenues come from IMS. So I would go with HCL Technologies and Mindtree right now in IT sector,” he said in an interview with CNBC-TV18.

On TVS Motor, he said, “They generated free cash flow, they gained more than the markets. We are neutral on it.”

Chadha is positive on Aarti Industries for the long term.

In terms of banks, he said, “Normal investors should stick with stocks like ICICI Bank and Axis Bank; there, the margin of safety is much higher.”

Chadha considers Pidilite Industries a 'buy and forget' stock.

"I am very positive on construction chemical space. It is very steady, I am in general very positive on this entire housing improvement sector,” Chadha said.

He likes stocks like HDFC and Can Fin Homes in the non-banking financial companies (NBFCs) space.

For more, watch the video…

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

(Edited by : Niral Sharma)

First Published:Jan 29, 2021 9:54 AM IST