Buy Satyam, DCB and Yes Bank: Pankaj Pandey
In terms of valuations we feel that Satyam has got pretty good potential from a risk reward perspective.
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| Updated: Pankaj Pandey, Head Of Research, ICICI Direct, in a chat with ET Now, talks about IT stocks.
What is your call on midcap IT space?
Nothing in particular except for Satyam which we feel that probably it’s a three year story. So in terms of valuations we feel that the stock has got pretty good potential from a risk reward perspective and once the company stabilises in terms of operating margins to the tune of 15%-16%, the company can do well both in terms of top line and bottom line performance and the stock performance. In addition to that we like some stocks in midcaps like banking, we like DCB wherein both fundamentally and technically we have a target price of 72. We expect the result for this company to be better. Yes Bank is also what we like as a midcap banking space.
What is your call on midcap IT space?
Nothing in particular except for Satyam which we feel that probably it’s a three year story. So in terms of valuations we feel that the stock has got pretty good potential from a risk reward perspective and once the company stabilises in terms of operating margins to the tune of 15%-16%, the company can do well both in terms of top line and bottom line performance and the stock performance. In addition to that we like some stocks in midcaps like banking, we like DCB wherein both fundamentally and technically we have a target price of 72. We expect the result for this company to be better. Yes Bank is also what we like as a midcap banking space.
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