ETMarkets Smart Talk: Investors can play for a catch-up trade in IT sector; Infosys, HCL Tech top picks, says Nirav Sheth
“We have been constructive in IT sectors unlike most of our peers and this conviction comes from a deep research on IT’s vulnerabilities to previous cycles. Markets have consistently overreacted to IT’s earnings prospects during the downturn and when reality dawns – a serious catch-up trade happens. Our scuttlebutt analysis reflects strong demand for the festive season though rural demand still remains weak.”
