Buy IT stocks: Parag Thakkar

Parag Thakkar of HDFC Securities told CNBC-TV18, "IT stocks will be clearly a buying opportunity in this kind of fall because just because FIIs have sold Nifty and FIIs have sold aggressively large weight Nifty stocks like Infosys. So I am very positive on Infosys, Wipro and TCS and I would strongly recommend buying in this kind of dips because the opportunity still exists for a 10-12 percent dollar revenue growth for a company like Infosys. And the new platforms like SMAC and Cloud or mobility opportunities will even actually strengthen the growth in fact because everything is moving into digital. So this will give huge scope to these companies plus valuations of 15x or 13x is extremely attractive on FY17 basis and you have a rupee which is either going to remain stable or is going to depreciate. So, in all probability IT stocks remain a clear buying opportunity at this point of time."

Infosys' trailing 12-month (TTM) EPS was at Rs 105.91 per share. (Mar, 2015). The stock's price-to-earnings (P/E) ratio was 18.97. The latest book value of the company is Rs 418.54 per share. At current value, the price-to-book value of the company was 4.8. The dividend yield of the company was 2.96 percent.