Prefer midcaps in IT, affordable housing finance cos: Ankit Kanodia

Investment adviser and partner at Smart Sync Services, Ankit Kanodia, expresses his preference for affordable housing finance companies over HFCs. He identifies only three major companies listed in that space, which enjoy a lack of competition. Their average ticket size is less than INR 10 lakh, making them unsuitable for more prominent players such as HDFC or Kotak. Conversely, Kanodia is cautious about the defence sector, pointing out its below-par performance over the past 20-30 years.