Stick with IT, Pharma stocks to stay defensive: Prakash Diwan, Altamount Capital Management

In a chat with ET Now, Prakash Diwan, Director, Altamount Capital Management, shares his views on the promising stocks. Excerpts:

ET Now: What are you looking at in the market right now?

Prakash Diwan: To stay defensive, you may stick with IT stocks and the midcap IT stocks that we find quite promising. Even pharma and the midcap pharma is still undervalued as compared to the large ones.