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.