Mehta told CNBC-TV18, "TCS has been the bellwether for the IT and we have consistently asked our clients and all the viewers to remain invested in TCS over the longer term period. Also we have asked lot of people to switch from Infosys to TCS and that call has gone very well."
He further added, "Seeing the current conditions what we are seeing from the commentary that Infosys management is giving it's quite about lot of pessimism in the IT services industry but the result today of HCL Tech had defied all the expectations and what I feel is TCS can also deliver consistently though nothing can be said about one quarterly numbers but if having a 1-2 year horizon it's wise to stay put in the stock."
"There are other sectors which are going to do well as an when the interest rates come down. There are stocks like ICICI Bank , IndusInd Bank , the banking sector looks very well and these stocks could do well. But not now, wait for a correction because this stock have run up in the last few days, last 7-10 days we have seen a big rally in such stocks. So if there is a 4-5% correction in the market this will give you a good entry point into such stocks."
