Motilal Oswal
  • SENSEX
    NIFTY 50
Motilal Oswal
VIDEOS
Market

Marcellus Investment Managers upbeat on IT, consumption, private banks, pharma

Updated : April 15, 2019 11:40 AM IST

Saurabh Mukherjea, founder, Marcellus Investment Managers, said they are comfortable buying into small ticket consumption, private sector banks, IT and pharma.

"These four spaces are classical Indian plays because they play naturally into India’s distinctive tendency to pump up the budget deficit and spray money at the poor," Mukherjea said.

"We are in a classical Indian set up, where budget deficit on the rise as the government focuses on winning votes and as the budget deficits rise, it gives a stimulus to small ticket consumption," he said.

"TCS is a scale gorilla without parallel in the Indian IT space, even Infosys is not in the same league as TCS. So the stock is a buy from a 10-year perspective," Mukherjea said.

Amongst the small and midcap banks, the house is upbeat on City Union Bank and DCB Bank, he said.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV