IT services face the challenge of no growth visibility and until and unless there is a clearer outlook, clients will not tend to start giving new projects. However, there are plays in the ER&D space within IT that could prove worthwhile. Although pharma and IT sectors have been underdogs, there are pockets of the market which show a good long-term investment. In terms of real estate, it is suggested to play the pick and shovels in the real estate space such as tiles, sanitary ware, paints etc. as realty stocks are geography specific.
Sugar stocks rally continues: Balrampur Chini, Dhampur Sugar, Uttam Sugar Mills rally up to 4%. Two big triggers
Sugar stocks rallied as domestic sugar prices surged sharply over the past month. Government data showed retail prices rising from Rs 48.18/kg on July 20