Bandyopadhyay bullish on technology sector
Published on Friday, November 6th, 2009 at 6:24 PMAuthor: stockalert (2026 Articles)
Group Pres, Fin Services, Spice Group is bullish on the technology sector.
“I am bullish on the technology sector. There are opportunities in this sector. Very clearly the demand for their services has gone up, most of these companies if you really see the US continues to be their largest markets and the US economy and the GDP has started moving up and the demand for their services has started moving up. So all the tech companies will have a good orderbook position and they need to manage the dollar thing very carefully, but otherwise I think technology as a sector could outperform.”
He further added, “I continue to remain bullish on FMCG not only because of the market volatility but because of the fact that domestic consumer demand continues to remain strong and I think there are opportunities of a still very safe play in the FMCG sector. Another interesting sector is the automobiles sector, particularly the two wheeler sector; most of the companies has been doing very well, if leave aside Bajaj Auto for a minute all the other companies are predominantly catering to the domestic demand, Bajaj Auto does some exports and I think they are fairing well there too. So two wheelers doing well, there is opportunity in FMCG and selectively IT stocks, which have a whole lot of orderbook coming from the US, there are big opportunities going forward.”
Source : MoneyControl
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