Invest in Infosys, Satyam, TCS: Baliga

Ambareesh Baliga of Karvy Stock Broking is of the view that one needs to get invested in Infosys or Satyam or Tata Consultancy Services (TCS) and should at least expect return of 20-25% from these levels over the next six-nine months.

Baliga told CNBC-TV18, "We have been optimistic on IT for the last six-seven months and even at these levels we are recently bullish on the IT stocks. Especially looking at the way the rupee is slipping, I think it has to be on the positive for the IT space and it is a best defensive bet at this point of time when the market is not moving anywhere. I think one needs to get invested in these stocks because most of these largecap funds-stocks like Infosys or Satyam or Tata Consultancy Services (TCS) should at least return 20-25% from these levels over the next six-nine months."