Mehraboon Irani of Darashaw & Company is of the view that one can stay invested in frontline IT stocks.
Irani told CNBC-TV18, "All the frontline IT companies considering the fact that Indian IT story has a long way to go whether it is Infosys Technologies , Tata Consultancy Services , TCS, Satyam Computer Services , Wipro they are wealth creators and don't look at the stocks in the angle of possibly trying to sell them off, one just buy them."
He further added, "In the midcap IT stocks there are lot of interesting companies and we like Sasken , Subex, there is a company called Financial Technologies , not purely as IT company but there are companies which are going to be wealth creators over the years. So ultimately making the money is important to any investor and I think these three stocks have the potential of delivering excellent returns and these three are our favourite picks and disclosure right now, these three stocks we own for our investors."
"Frontline IT companies are wealth creators, they are not stocks which one should be possibly thinking of exiting for the next few years."
Disclosure: We definitely own above stock for our investors and on a personal level. I own Subex and Sasken
