Bullish on ITC: Ambareesh Baliga, Market Expert

In a chat with ET Now, Ambareesh Baliga, Market Expert, shares his views on markets. Excerpts:

ET Now: What is happening in large cap IT?

Ambareesh Baliga: A lot of money is chasing a few sectors and in that you clearly have IT because of the performance some of the larger guys have shown and especially someone like a Infosys or HCL Tech.

ET Now: But what would you be doing in large cap IT if you had money to put in, where the money find favour?

Ambareesh Baliga: I would surely look at Infosys still at the current levels, HCL Tech and possibly in the midcap MindTree.

ET Now: You have shown sudden interest in consumer companies like HUL, and ITC?

Ambareesh Baliga: I am especially interested in ITC. You normally do not see it because in the run up to Budget, you have fears that there could be increase in excise but all those fears have been discounted because we have been hearing that for the last six-seven months. Once ITC crosses 400 decisively which it tried doing in the morning, it can go to levels of about 440-450.