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Like cement, infra, largecap IT space: Mayuresh Joshi

Mayuresh Joshi of Angel Broking told CNBC-TV18, "Clearly from a sectoral perspective what we are probably liking is something like cement/infrastructure as a space.

Our entire take is with the government's focus on infrastructure/housing expected to gather steam and again input cost staying benign, the realisation in terms of topline growth, volume growth and demand revival are key themes which should probably happen over the next two to three quarters." "Probably large cap IT is something that we are also liking at this juncture.

Yes, there are a few jitters in how the US economy is shaking up and how discretionary spends might happen but going by the historical trends and what has happened in the quarter gone by we are clearly seeing client mining activity picking up, a few of the companies like HCL Tech   have showing transformational deal wins in excess of USD 1 billion odd in terms of TCV and client mining activity along with utilisation levels have picked up for companies like  Infosys   .

So, large cap IT is something that we will continue to prefer at this point of time," he said. "Clearly specific auto names, though there is every chance that there might be some duty changes happening but clearly auto stocks and expectation of demand revival with pay commissions coming through, specific two wheelers and specific four wheelers are looking quite decently poised at this point of time."