Largecap IT stocks look safe, says Sangeeta Purushottam

Sangeeta Purushottam, Professional Investor told CNBC-TV18, "Given the kind of market that we are living through it is still safer to be in the larger names. I would buy IT primarily as a hedge against the rupee. So that is really to my mind the key reason to buy it. Of course we have the safety that these companies are still generating cash, but the demand environment remains overall still challenging. The rupee factor plays a role."

At 10:01 hrs Infosys was quoting at Rs 2,431, down Rs 16.60, or 0.68 percent. It has touched an intraday high of Rs 2,447 and an intraday low of Rs 2,423.30.
The company's trailing 12-month (TTM) EPS was at Rs 129.58 per share. (Mar, 2013). The stock's price-to-earnings (P/E) ratio was 18.76. The latest book value of the company is Rs 627.95 per share. At current value, the price-to-book value of the company was 3.87. The dividend yield of the company was 1.73 percent.