Sanjiv Bhasin on 2 IT stocks to buy now; 3 largecap banks to have in your portfolio: Sanjiv Bhasin

economictimes.indiatimes.com:

Sanjiv Bhasin, Director, IIFL Securities, says “in the last two-three days, more of the largecaps have been showing their strength and if the index has to go higher, it will have to be largecap banks and this undue concern raised by the RBI is a good cause of concern, but it has hardly anything on the ground effect. We all know that this personal loan has reached a climax and most banks are well capitalised, particularly the largecap ones.”
Let us start with IT itself. I know Persistent has been one of your favourites. Tech Mahindra had played out very well when you had recommended it. Which are the other stocks from the IT sector that you are picking out right now?
HCL Tech has been one of my outperformers. I continue to think that is an outperformer and you can add an LTTS. I have been saying for the last two days that the specific space in defence which they have is doing extremely well and the order book and the execution will take maybe another four quarters but they have a constant flow and that is going to be very positive. So, HCL Tech and LTTS are where you can put your money even now.

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What is your take on Honasa Consumer or Mamaearth in terms of understanding the kind of market that it is operating in. Down the line, could Honasa get the same treatment that Nykaa got after that stellar listing?
I do not track Nykaa that much and it is a wonderful company but the valuations have never been to my liking. Same is the case with Honasa. We will wait for more colour on