Positive on Wipro, says Prakash Diwan

Prakash Diwan of prakashdiwan.in told CNBC-TV18, "Silver lining to the dark clouds in large IT is Wipro in this season. That is where some change is happening. It may not be as rapid as Infosys has gone through, but the leadership changes which they have been struggling to incorporate and they have finally started showing some semblance of improvement. It is a new strategy that they are adopting, so it does take time. But, I will be very positive on Wipro, much more than on Tata Consultancy Services (TCS).""In HCL Tech of course, we have got so used to high growth all the time and 2 percent plus constant currency and all, but my sense is that Wipro is where the surprise element is and there is a valuation mismatch," he added."I think Infosys stands out as definitely a reassurance of the positive trend that people have been expecting. It gives you comfort that probably the downside is now, fairly limited. It has one of the best blockbuster numbers, which is more futuristic, it will probably happen today evening. So, you will see this whole season getting more fostered by positive numbers to begin with, we are hoping for that.""Yesterday, you saw some very sharp profit booking in Reliance Industries but after the numbers for a change, every quarter you have profit taking after numbers, this time you would probably see a reversal in the trend. You will probably see people buying into it once the numbers come through." Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com.