KPIT Technologies Ltd looks promising: Parag Thakkar, HDFC Securities

In a chat with ET Now, Parag Thakkar, Head-Institutional Sales, HDFC Securities, shares his views on the market. Excerpts:

ET Now: Anything else that is looking attractive to you right now?

Parag Thakkar: Basically in the financial space, I mentioned Chola, Manappuram and various large cap and midcap banks. In the IT space, I would like to draw your attention to KPIT. Right now it is a completely bottom up market where all focus is towards the earning trajectory and I would like to recommend KPIT where I can clearly see that Q4 will be very decent because there will be good dollar revenue growth of around 4%.

There will be a margin improvement of 150 to 200 bps and stock is trading relatively cheap at around 11-12 times and plus they have a auto vertical which is 25% of the business and should grow at 20%.