Hold HCL Tech, says Anand Tandon

Tandon told CNBC-TV18, “I see one outlier in the IT space otherwise the results have been fairly middling at best for most of the companies reporting in the IT sector. The small ones haven’t done well, neither have the large ones done exceptionally well except HCL Tech.”

He further added, “I am great believer in reversion to mean therefore that makes me a little more circumspect but if you go by the fact that the kind of confidence that the management is showing currently at least you should continue to hold on to it there is no particular reason to get out of that particular stock.”

"All private sector banks will report better asset qualities than they possibly have and all public sector banks will report poorer asset qualities than what people are expecting but in my view that’s the way you do the accounting not necessarily how the underlying asset quality is."