Hold HCL Technologies, says Neeraj Deewan

Neeraj Deewan of Quantum Securities told CNBC-TV18, "I think in the whole IT space definitely there is some concern for the short to medium term. However, in HCL Tech like we saw last quarter also people were feeling that there will be some dilution because of the acquisition they have made. But that was not the case and their margins were better. I think this inorganic growth is continuing there with Geometric also merging into HCL Tech.""I think HCL Tech's growth inorganically is good for the company and the margins will also improve based on that. One needs to hold on to HCL Tech though there can be short to medium-term volatility in stock. For over a long-term this stock is a good stock to hold on to," he said.