See further gain in Infosys, TCS: Karun Mutha

See further gain in Infosys and TCS, says Karun Mutha, HSBC Invest Direct.

Mutha told CNBC-TV18, "I think it’s important to avoid the high-beta stocks particularly in the banking and the auto. Largely Infosys and TCS on the IT space and of course Hindustan Unilever and ITC on the FMCG space have been gradual slow movers, but they have been keeping their pace."
He further added, "If you look at the IT stocks particularly Infosys, the stock has done an addition for 100,000 shares on yesterday’s trading and it remained firm on the price move as well in spite of the market falling. So I think there is more strength available in the stock. We expect probably 1-1.5% move still further on a trading pattern on both the IT stocks. Recommend FMCG stocks to be accumulated at lower levels than at falls."