SP Tulsian of sptulsian.com told CNBC-TV18, "IT stocks for the last four-five days have been very unpredictable; one day four percent down, one day four percent up. So, probably the hiding place was taken or seen in the IT stocks only in the near term maybe for this whole of this week, since Monday. Probably the market trend overall is looking positive because of the index management. Therefore, I do not think that Infosys will see a fall of more than 2-2.5 percent; I am not so negative on the stock."
"Overall Tech Mahindra and Infosys are looking vulnerable, maybe some interest is seen coming back into Wipro because of its inclusion in the Nifty and some in Tata Consultancy Services (TCS); TCS has always been resilient with all these things but my cautious stance remains both on Infosys and Tech Mahindra," he adds.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
