Hold large IT stocks: Quantum AMC

Hold large IT stocks, says IV Subramanium, Director, Quantum AMC.

Subramanium told CNBC-TV18, "We are still comfortable holding on to the IT pack and particularly the larger ones. I think sometimes the short term investors focus a lot on the quarterly numbers but directionally I think Infosys is delivering what it said it would deliver and all the language, which they use, continues to indicate that things are still positive." He further added, "There are certain segments where maybe we could expect a bit more help from the market in terms of pricing of services etc. But from a volume point of view these companies do not seem to have any problem. If the rupee continues to favour them by depreciating then that is an added bonus. We are still comfortable holding on that. But if I look at the entire menu of stocks available right from engineering to consumer staples the upside probably in IT is lower than what it would be in other cases because in the other segments the stock prices have corrected more sharply."