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Best stocks to buy: IT midcaps are good but Neeraj Dewan prefers largecaps now


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Among largecaps, HCL Technology makes sense valuation wise and there are a lot of opportunities in midcaps also, says
Quantum Securities.
From a valuation standpoint, how does IT stack up and would you be also looking at a lot of the midcap IT names?
Neeraj Dewan: We were looking at midcap IT but after the correction in largecap IT, it makes sense to invest more in IT largecaps. The last quarter’s numbers were pretty good and even the deal wins are good. Stocks like TCS,
HCL Tech, Oracle have corrected a little more than 10%. That is a good entry for a lot of investors who had missed the rally earlier. Even now, some of the valuations are not cheap even after the correction. But if you go stock specific, something like HCL Technology would be the better of the lot, valuation wise. We have seen a very good traction in the numbers there and they have a very good deal pipeline going ahead. ....

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Indian shares fall for fifth session as financials, Reliance weigh


By Reuters Staff
2 Min Read
BENGALURU (Reuters) - Broad-based losses pulled Indian shares lower on Monday as investors locked in profits in high-flying stocks, while news of fresh COVID-19 restrictions in parts of the country also weighed on sentiment.
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, February 26, 2016. REUTERS/Shailesh Andrade/Files
Domestic equities rose sharply in the first two weeks of February thanks to solid corporate earnings and a well-received federal budget, but markets have pared some of those gains in recent sessions due to profit-taking.
The NSE Nifty 50 index ended 2.04% lower at 14,675.70, clocking its biggest one-day drop since Dec. 21. The S&P BSE Sensex closed down 2.25% at 49,744.32. ....

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