Mishra suggested investors to select IT stocks with a medium-term outlook. He has picked Infosys and TCS from the largecaps, whereas Mindtree, LTTS, Cyient and Persistent Systems are his picks from the midcap pack. Prabhakar from IDBI Capital is neutral on the IT pack as he believes that the technology budget might get trimmed but due to its increased penetration in day-to-day life, a smooth operation will not be possible.
