Prabodh Agarwal of IIFL told CNBC-TV18, "We basically like the second tier IT names. HCL Technologies is our top pick, we also like Tech Mahindra. We like the segment as a whole, because it is not affected by rupee depreciation. It is a beneficiary of rupee depreciation."
"It is also not affected by a slower rate of change in the interest rate and therefore that segment will do well. So we do like Tata Consultancy Services (TCS) and Wipro in addition to HCL Tech and Tech Mahindra," he adds.
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