Sharekhan has made three changes to its top picks basket in August 2014. First, within the non-banking finance companies space, LIC Housing Finance has been replaced with PTC India Financial Services. Sharekhan has recently initiated coverage on PTC India Financial Services with a very positive view. Second, profits have been booked in Gabriel India after gains of close to 18% in the last two months.
TVS Motor Company (which has corrected by over 6%) has been reintroduced. Lastly, as a tactical call, Sharekhan has replaced Crompton Greaves with Persistent Systems. Persistent Systems is one of the best performing mid-cap IT picks. It is witnessing substantial interest from foreign investors due to its niche positioning in the cloud, mobility and analytics areas.
What is reason behind posting it in mid of the month whereas it was recommended in first week of month? PTC fin already moved up..