Prefer HCL Tech, says Parul Saini

Prefer HCL Tech, says Parul Saini, Executive Director, RBS Asia Securities.

Saini told CNBC-TV18, "In terms of technology we are slightly overweight in our model portfolio. But within that HCL tech is our preferred pick. Its numbers seem to be in line with what we were expecting."
He further added, "Forward looking guidance will be the key but the reason we like HCL Tech is because the significant valuation discount that has again opened up versus the largecap peers be it Infosys, TCS or Wipro even now. So in terms of pecking order, tech is slight overweight on our portfolio and HCL Tech continues to be a preferred stock there."