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“The order book climbs terrifically for Siemens in India on the back of the Rs 26,000-crore deal win. This order will be delivered over a period of 11 years. And those numbers will fall into the revenue numbers of Siemens in India. This projects us into a completely different level of business here in India.”

Key additions by mutual funds in the month of December include newly launched IPO stocks such as KFin Technologies, Sula Vineyards and Landmark Cars.

“Financials is the largest sector in our portfolio because we anchored the fund weights around the index weights to the extent possible. So the top five sectors in the fund will also be the top five sectors in the index. We are focussed on quality as the core anchor of the stock selection and these type of stocks tend to be less vulnerable to economic cycles.”

Stock sustaining above the recent cup & handle breakout area and MACD in buy mode.

Now, the Nifty50 has to hold above 17850 zones for an up move towards 18050 and 18123 zones whereas supports are placed at 17850 and 17777 zones,” recommends Taparia.

The Nifty IT index was trading 0.59 per cent up at 29436.45.

A total of 4,978 shares changed hands on the counter till time (IST).

Pidilite Industries, incorporated in the year 1969, is a Large Cap company (having a market cap of Rs 124523.08 Crore) operating in Diversified sector.

The prevailing supply-side constraints pose uncertainties over the company’s short-term growth rates.

"It does not make sense to book your winners now; rather use this time to get rid of some of the losers and we are doing that in all our portfolios anyways. Just re-jigging the portfolio as results come by, we will get a better view. This is one of the few quarters when one gets a decent one year to have performed.”