Sandeep Shenoy of Pioneer Investcorp told CNBC-TV18, "In IT space the top four guys outsourcing pie to India may not be across USD 700-800 million mark but headline news when it comes, remember the BFSI is between 25 to maybe 55 percent of some of the companies, so there is going to be optical pressure on this kind of companies but our larger companies, they have got good, strong derisking mechanism in place and none of them have a single billion dollar client at the current juncture. So you are going to have some kind of a marginal impact on them on the price.
"But this could one sector where if there is a slash down in the prices the entire sector especially the top 5 or top 6 players could be a perfect candidates for buying on dips because of the USD-INR being at the current juncture and all the flux being in the market, they could be one of the few stocks which could give stability," he added.
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