Prefer Infosys, Persistent Systems: R Sreesankar

R Sreesankar, Head - Institutional Equities at Prabhudas Lilladher told CNBC-TV18, "In our top picks we continue to recommend Infosys. We have got Tata Consultancy Services (TCS). We also have within the smaller ones Mindtree and Persistent Systems, etc. We continue to be buyers and our analysts believes, as a house we will also believe that we should see a sharper recovery happening in the IT space."

"In IT space, a lot of negatives were already there in the price and you also have some tailwinds in terms of quarter-to-quarter in terms of weak rupee and that should also play true. So, we like IT and we continue to believe that there is strong story out there," he added.