HCL Tech top pick, prefer TCS over Infosys: Ashwin Mehta

Ashwin Mehta, IT Analyst of Nomura India told CNBC-TV18, "We think the next year should be better than this year in terms of demand. The continuing themes will be Europe, will continue to be strong in our view. Infrastructure Management Services (IMS), business process outsourcing (BPO) segments will continue to be strong and what will create the delta is US in particular, which till now hasn’t participated despite the macro improvements that have happened. We think discretionary outlook and budgeting in US should be better going into the next year."

"We remain overweight on the sector and HCL Technologies and Cognizant remain our top buys within the space. Among others we prefer Tata Consultancy Services (TCS) over Infosys within the sector," Mehta said.