Chakrabarty positive on Infosys, TCS

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Chakrabarty positive on Infosys, TCS

Amitabh Chakrabarty of Religare Securities is positive on Infosys, TCS and Bharti Airtel.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Amitabh Chakrabarty See what other Experts & Brokerages are saying about Infosys See messages about Infosys Infosys BSE | NSE 28/05/12 Are Mutual Funds betting on Infosys? Other Stocks in this news Tata Consultancy Services |

Amitabh Chakrabarty of Religare Securities is positive on Infosys , TCS and Bharti Airtel .

Chakrabarty told CNBC-TV18, "Infosys and Tata Consultancy Services are the two companies in IT sector that stands out and we have positive view on both the stocks."

He further added, "In case of Bharti, we believe that it is a good stock to own. Having said that if you take a long-term view then in case of telecom, there is always a pressure of falling margin because more than 40% EBITDA margin industry cannot justify in the sense that a lot of competition is coming and the price pressure is there - in India there are lowest prices of mobile. So that is under pressure and will remain under pressure; having said that, we have positive view on Bharti and Infosys and TCS."

Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.