HCL Tech good investment idea, prefer Infosys: Sachin Shah

Sachin Shah, Fund Manager at Emkay Investment Managers told CNBC-TV18, "HCL Technologies has performed very well, their number delivery has been very good through out the year, in fact for last two or three years now. On valuations front I do not think it is still very expensive relatively also and otherwise also. HCL Tech, looks like they are going to delivery good numbers even for the next few quarter from here on. So HCL Tech certainly is one of the good investment ideas even at this juncture."

"Overall in IT space we have invested in Infosys because we feel that is one stock where there is paradigm shift in terms of the entire management approach. They have a huge war chest in terms of the cash reserves that they have and they have an opportunity to some large acquisitions plus the entire business, the way they are approaching, it is very different. You have a new leadership and so our top holding in the IT at this point in time is Infosys," he added.