Marcellus Investment Managers’s Portfolio Manager Rakshit Ranjan on Wednesday said that Tata Consultancy Services (TCS) and Info Edge could turn out to be good investments.
In an interview to CNBC-TV18, Ranjan explained, “In some of our portfolios, we have Tata Consultancy Services (TCS) and Info Edge in some of our clients’ portfolios. Those two, we expect them to benefit from the challenges faced by some of the smaller companies but yes in general as recovery is faster than expected in some parts of the economies, certain companies which can benefit from that more than others could be good investments.”
Speaking about metals, he said, “In case of metals, many of our portfolio companies – we have in some of our portfolios likes of Eicher Motors, where these companies will be consumers of metals.”
Ranjan also cautioned that, “There are several sectors that see sectoral tailwind. At the moment, we are too convinced if any of these hospitals or airlines or transport related companies will benefit not just on the demand side but also on the free cash generation side from the vaccination theme.”
He doesn’t like anything from the entire entertainment space.
“For very similar reasons around lack of free cash generation in the long-term.”
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(Edited by : Ajay Vaishnav)