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Gurmeet Chadha, CIO & Managing Partner of Complete Circle Consultants, discusses the current state of the IT industry and shares his preferences for investments. He believes that while deals are happening, revenue translation is slow due to longer-term contracts. Chadha is selective in his investments and favors KPIT and Persistent in the mid-cap IT space, and HCL Tech among largecaps.
Chakri Lokapriya believes that while midcap IT stocks continue to generate faster order flow compared to largecaps, he would not invest in them due to their recent run-up. However, companies like KPIT, Mphasis, Coforge, and Birlasoft are performing well with no apparent slowdown in their business momentum. In the cement industry, Dalmia Bharat and JK Cement are considered compelling due to expected capex surge and infra push.
Suri is overweight on Midcap IT space and NBFCs due to niche consumer base and focus on technology of the former and price and earnings growth in the latter.