“I do not think anybody is going to wait for the next six months outcome. People are going to rush in and start allocating their longer term bets now and that is what is going on when we talk to the foreign investors. Everybody is asking for new ideas, where they can deploy capital. Sometime back, the conversation was about how much to take off the table, how much cash to sit on but that has all gone in the air now.”
Stock to buy today: Giving a buy rating, Anirudh Garg, Founder & Fund Manager at Invasset, said that IRCTC has not mirrored the bull trend witnessed recently in the PSU stocks and that the current breakout could be the beginning of a new rally
“Among the largecaps, we have added Reliance, Kotak Bank, Dr Reddy s and Divi s. We are turning quite positive on largecap pharma segment because after years of struggle with pricing and volumes in the US markets and the struggles with US FDA, this is a sector which is now seeing good traction and is very competitive right now.”