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So we think the listed company still deserves an upside from current levels.” So once the merger goes through the company’s size and scale will change and the market will then recognise it better. The unlisted company is in the engineering space while the listed company is more in the financial services space. Their unlisted subsidiary which the parent holds is getting merged with the listed entity. Even from here, the story is just about to start. The stock has been quite well over the last 6 months and has doubled. Would one be a buyer in that dip? Certainly yes, because the whole digitisation and tech spending story are here to stay.” The visibility for the next 2-3 years is quite solid in IT services but if there is some disappointment in margins or on the revenue front, there can be a correction even in the IT sector. “IT services stocks are trading at 50-100 percent premium of their long term earnings ratios. Market Watch: Mithun Aswath, Managing Partner at Kivah Advisors Clearly, there is a retail revolution underway and this company will consistently grow as and when we see more and more shifting from unorganised to organised,' he added. At corrections, you should look at getting into this company. Even 2-3 years down the line, the market will ascribe a higher PE multiple. If you have a slightly longer-term view, of 3-5 years, this company could be easily 1.7 times its present size, and then maybe their PE multiple will not look that demanding. 'One can keep on arguing about its PE multiple and now there are many other companies which joined that particular argument right from Nykaa to Zomato, Paytm and PolicyBazaar. So what you have to really compromise on is the price to earnings multiple which consistently remains high,' he said. 'It's a well-managed company. We are seeing that it is benefiting from the entire trend which is moving from unorganised to organised sector, and consistently we are seeing in earnings growth. So all in all, put together I think this fall appears to be more of a technical in nature.DMart could easily reach 1.7 times its size in 3-5 years: Elixir Equities' Dipan Mehtaĭipan Mehta, Director at Elixir Equities, believes that DMart was the first really expensive stock, but has emerged as a company where one would see secular earnings growth. Because they have the foreign currency generated in that trade. So frankly, at the macro level, at the top down level, if I see Reliance, I do not see anything wrong with their businesses, neither of the headwinds which we are worried about - crude and the currency. On the other side, I think its consumer facing business or the consumer business as we call it like Jio and retail platforms remain quite robust and growth oriented. I think that is also equally strong, maybe it will be even brighter for them. They have a domestic market business in the form the petrochemicals and polymers. Because if the larger cost of input is made by the exports, the currency should be favourably playing for them. On the contrary, I think currency play should be very favourable to them. So, I think probably they should not be affected even with the currency.

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They have 60 per cent plus of their volumes getting marketed outside the country.