Bet on IT and pharmaceutical companies: Dhiraj Sachdev

In a chat with ET Now, Dhiraj Sachdev, Sr VP & Fund Manager-Equities, HSBC AM India, shares his views on IT and pharmaceutical sector.

ET Now: So at the current juncture, what are your classic long term ideas? What are you happy to own irrespective of the near term volatility?

Dhiraj Sachdev: It is not just one space. In the fund that we have, we have a mix of agrochemical companies because we believe they are attaining scale in terms of distribution network to the farmers and higher crop yields.

We like tyre space. We are betting on IT and pharmaceutical companies. Even some of the midcap names which are some of the IT companies still have 10 times to 12 times multiples etc and they are growing fairly smartly. We like some of the engineering cap goods space, very selective on that where we believe that they are quoting at almost 0.8 times price to book multiples etc and they might have some kind of an earnings momentum over a period of two years or so.