TCS a better pick: Devang Mehta

TCS is a better pick in the IT space, says Devang Mehta, Vice President and Head - Equity Sales, Anand Rathi Financial Services.

Mehta told CNBC-TV18, "In fact TCS we have been positively impressed since the last three to four quarters. We have always maintained that we preferred TCS over Infosys since the last four quarters and it has not surprised us. TCS is now the new IT bellwether if you like to say it that way. So probably I think in IT if somebody wants to own something - TCS looks a better pick."
He further added, "The corporate profitability would bottom out in the next one or two quarters and also the interest rate as well as inflation would peak out in the next two quarters. So I guess it