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Anand Tandon positive on HDFC, HDFC Bank, IT and pharma space

videos | Nov 16, 2018 5:05 PM IST

Anand Tandon positive on HDFC, HDFC Bank, IT and pharma space

In an interview to CNBC-TV18, market expert Anand Tandon shared his reading and outlook on specific stocks and sectors.

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On NBFC space Tandon said, "There is a difference between saying that there is a credit event that will happen and therefore some of the companies will collapse or saying that they will be finding it difficult to raise money in the Commercial paper (CP) market and therefore their growth will be constrained."
Right now the market is working with the latter view and There is no question that at least those NBFCs which are not viewed as gold standard will find it difficult to raise money for the near term, may be for the next 6 months at least, Tandon said.
"HDFC Bank and HDFC are the companies that you may want to continue to hold on or perhaps add taking advantage of the small dip that you have seen," Tandon said, adding "export-oriented companies remain very high on my list of priorities. So, I am very bullish on IT and pharma sectors."
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.
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