Prefer HCL Technologies: Sharmila Joshi

Prefer HCL Technologies, says Sharmila Joshi of Fairwealth Securities.

Joshi told CNBC-TV18, "Among the IT stocks the top four would be my least preferred stocks. I think probably I would go for HCL Technologies first followed by TCS and then Infosys and last would be Wipro."
She further added, "In terms of price and very close to its 52 week low and given the fact that overall, from whatever one has heard from the industry body it seems that the outsourcing business is going to grow at 16-18% in which case Wipro will stand to get its share of business as well and also the fact that recently they have been in talks, they said they will also bid for UK based company, which would be a good fit for Wipro as compared to some of the other companies. But just in terms of where the stocks are, how they have done in the past and the trajectory going ahead possibly I like HCL Tech the best."