Market Expert, Gul Teckchandani is of the view that one can stay invested in technology stock.
Teckchandani told CNBC-TV18, "If technology stocks come out with strong earnings they would definitely move up. I think the big money is going to be made and hold on to the shares at least for some period of time. I can't imagine anybody being negative over the longer-term on tech because as I have been saying earlier the obituary of this country if one is going to be negative on tech so the top few companies including the smaller ones are going to see a lot of activity and the internet companies will also provide with a lot of money multiplication although there are very few of them and very restricted space."
He further added, "I think the return is fairly handsome going forward and these companies will outperform and there will be acquisitions, there will be further opportunities in terms of large contracts coming to them. The Gartner Report is out, talking about USD 300 billion work been downloaded to offshore contracts. So all these will ultimately result in huge opportunity for the domestic companies and I would say stay put and do not forget 50-100 points move or Rs 100-200 move here or there. The big money will be made if one hang on to their positions."
