SENSEX
NIFTY 50
Hang Seng
Taiwan Weighted
MCX GOLD DEC 05
MCX SILVER DEC 05
USD/INR
EUR/INR80.0630

SENSEX
NIFTY 50
NIFTY MIDCAP 100
S&P BSE MIDCAP
Hang Seng
Taiwan Weighted
DAX
Nasdaq
MCX GOLD DEC 05
MCX SILVER DEC 05
MCX CRUDEOIL NOV 16
MCX NATURALGAS OCT 26
USD/INR
EUR/INR
GBP/INR
JPY/INR

Stock Market Live: Nifty above 14,800, Sensex jumps 500 points; banks, financials gain

Asian stocks slip as global rally skids on inflation fears

Oil prices slip on surprise build in US crude stocks

Rupee surges 11 paise to 72.54 against US dollar in early trade

Prefer HCL Tech, Mindtree in IT sector; positive on Aarti Ind: Complete Circle's Gurmeet Chadha

Updated : January 29, 2021 09:54 AM IST

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.

“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.

You May Also Like

Closing Bell: Sensex rallied 1,030 points, Nifty at 14,982; Nifty Bank rallies 4%

Closing Bell: Sensex rallied 1,030 points, Nifty at 14,982; Nifty Bank rallies 4%

Nifty Bank jumps over 1,400 points post FM Sitharaman's comment; all constituents in the green

Nifty Bank jumps over 1,400 points post FM Sitharaman's comment; all constituents in the green

Stock Market Highlights: Sensex ends over 1,000 points higher, Nifty above 14,950; Nifty Bank rallies 4%

Stock Market Highlights: Sensex ends over 1,000 points higher, Nifty above 14,950; Nifty Bank rallies 4%

Trending on CNBC-TV18

Live TV

recommended for you