HCL Tech, Infosys and TCS top 3 IT stock picks: Sudip Bandyopadhyay, Market Expert

In a chat with ET Now, Sudip Bandyopadhyay, Market Expert, says an aggressive investor can also look at ITC and L&T

ET Now: Your top three investment ideas at this juncture. I know the market is falling and there is a lot of pain in the system. There is uncertainty as well to venture out to make those buy calls. But even so where is that you are spotting value?

Sudip Bandyopadhyay: If you are a conservative investor, I would recommend you get into the safe sectors. So in the technology space, I think HCL Tech is my top pick. I think it is an excellent company, the order book is strong. They have done all kind of right things, set up centres in Eastern Europe, got large contracts, bought good businesses including the Volvo’s IT business. We are looking at a target of 1050 plus in about a year’s time. So that is a good buy. Among other IT companies, Infosys and TCS also look good. An investor can look at buying it for one year plus hold. If one is an aggressive investor and is willing to take a little bit of risk, then I recommend buying ITC Ltd and Larsen & Toubro. I think both are great companies, I do not have to talk about the quality of the management and their performance. I think they are close to their bottom. One does not know whether the scrips will fall 5-10 per crnt more or not but the upside is there and the upside is significant and value unlocking possibility is there in both the companies. So I think for one year time, these two are also good buy for a slightly aggressive investor.