Page 2 - It Midcaps News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Investors are being drawn to underpriced public sector enterprises and mid-tier technology players for long-term investment opportunities, according to Deven Choksey of KRChoksey Holdings. However, he added that such sectors had been perfected in the short-term and it was increasingly challenging for investors to pick value from them. Choksey also discussed higher demand from rural India generating growth in FMCG companies and the efficient use of fintech by NBFC firms to disburse loans.

“We believe the midcap IT companies will continue to do well. Top bets would be Coforge and MindTree. ”

Explore Now Among largecaps, HCL Technology makes sense valuation wise and there are a lot of opportunities in midcaps also, says Quantum Securities. From a valuation standpoint, how does IT stack up and would you be also looking at a lot of the midcap IT names? Neeraj Dewan: We were looking at midcap IT but after the correction in largecap IT, it makes sense to invest more in IT largecaps. The last quarter’s numbers were pretty good and even the deal wins are good. Stocks like TCS, HCL Tech, Oracle have corrected a little more than 10%. That is a good entry for a lot of investors who had...

Explore Now The driving factor in the market is liquidity because fundamentals have gone beyond their horizons and liquidity is chasing only growth, says Yield Maximisers. Do you think that the key for the market is FII buying and whether that continues or not? Yogesh Mehta: It is a purely liquidity driven market and the FII flows from October till date is more than Rs 1.5 lakh crore. It seems the driving factor is pure liquidity because fundamentals are now going quite beyond their horizons and liquidity is chasing only growth. Overall it seems that now FIIs push is more prominent than sell...