Prefer Infosys, TCS, HCL Tech, Tech Mahindra: Gaurang Shah

Gaurang Shah of Geojit BNP Paribas told CNBC-TV18, "We have seen a stellar run in Tata Elxsi. If one wants an alternative investment idea then I have four of them.Infosys, TCS, HCL Tech and possibly Tech Mahindra. All four of them feature under our universe on the positive side.""From a long term point of view a 15-20 percent uptick cannot be ruled out and lot of negativities are already priced in and from here on your downside looks extremely protected. The best part is that the entire IT pack is off the radar of lot of people, that is when our interest is even more," he added.