Holland is betting on IT stocks despite their recent fall. He believes that US will recover a lot quicker than people expect and that has been the evidence so far.
Moneycontrol message board guest Pritesh from Mumbai asked Andrew Holland, CEO, Ambit Investment Advisors if this a good time to switch one's portfolio bias from defensives to cyclical.
According to Holland, if one feels that expectations in a Modi-led government might wider the mark then keeping some defensives would be a safe thing to do. "But that said, buy in consumer stocks and pharmaceutical stocks 30-40 times one year forward PEs. I do have a buy on Tata Steel 7-8 times where I can see cyclical upturn, operation and financials gearing playing through in the next two years. So, a switch should be made because you are going to see better returns from these stocks. It is not as Hindustan Unilever is going to double that profit in that time, it certainly not going to, so the ratings is too high for me to be defensive stocks, the growth at the moment," he added.
Holland is betting on IT stocks despite their recent fall. He believes that US will recover a lot quicker than people expect and that has been the evidence so far. "IT is defensive area which I like and will continue buying," he said.
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