“Over the last couple of years or so, a lot of IT companies have won multi-million, multi-year orders. They are sitting in a good order book position. It is just that execution has not started or has got delayed because of the uncertainty in the environment in the US and in Europe economies. But once the uncertainties over there go down, tech spending will be the first off the block from a management perspective.”
“If you have got an allotment in Tata Technologies, stay put, do not sell just because of a whiff of negative news flow. But buying on listing at a huge premium is something I would really like to avoid. You can average it if you already have an allotment in the IPO, but I would not look at making fresh investments in Tata Tech at these levels on listing.”
“Now that the US markets have stabilized as have the debt markets and inflation seems to be coming under control, one could expect better prospects for all the technology companies – Tata Technologies, Tata Elxsi, TCS. Companies like Trent and Titan have been outliers. Other companies per se have done badly in the same group, but they continue to thrive pretty well.”
“Southern India is a great source of value creating companies. These are nice low profile companies. They just get on with their business and deliver exceptional returns. CG Power has been a fantastic multibagger stock and what a fantastic turnaround story it has been and kudos to Tube Investment for identifying this opportunity and buying into it and turning it around so quickly and creating so much value for the shareholders.”
“If you are already holding QSR stocka, then these are not the levels to sell because we have seen decent corrections also in them. From a longer-term perspective, I am pretty certain that the QSR companies can deliver exceptional returns going ahead and you could perhaps buy at every decline, rather than just chasing these stocks at this point of time. ”