Pankaj Pandey positive on TCS, HCL Tech, Infosys

Pankaj Pandey, Head of Research, ICICI Direct is positive on TCS, HCL Tech and Infosys.

Pandey told CNBC-TV18, "From portfolio creation perspective we believe that this is the best time to start some kind of investing because if somebody undertakes that activity and continues it for a period of 6-10 months or probably more than a year, I think the average cost of regulation for all these stocks is going to be pretty good and if somebody is holding it for a longer period of time they can definitely generate far better wealth."
He further added, "In terms of sectors probably IT, we have been positive on TCS, HCL Tech and Infosys. Post correction after Q4 results we have recommended our clients to buy because we feel that the company would still offer growth and IT per se has never been cheap compare to the overall market but we feel that the growth is still there and probably these would be the initial beneficiaries if there is reversal in the market fortunes."