HCL Tech remains preferred largecap IT pick: Amit Khurana

Amit Khurana of Dolat Capital told CNBC-TV18, "HCL Technologies is one of our preferred picks given the largecap IT space but from the deal perspective, we haven't changed our stance either ways. We remain positive on HCL Tech given the valuations and given the earnings traction. So to us this deal is one of the smaller acquisitions that they have done. What we have reservations is on their ability to mind the clients over a period of time but considering that they haven't overpaid a huge premium, we believe this can be fairly well absorbed into the HCL universe.""Also, it is an offshore heavy model and therefore this ease of integration will be relatively better than some of the other acquisitions that they have done, which are more onsite centric. So, overall positive for Geometric shareholders considering the value that they have got but from HCL perspective, we haven't changed our stance post the acquisition. Still the stock remains one of our preferred picks," he said.