Andrew Holland, CEO at Ambit Investment Advisors told CNBC-TV18, "IT is the only defensive sector we are quite happy to stick with because the growth prospects, not just for the US but for Europe as well including UK. So, if I am correct in terms of that companies will start investing then this is going to be good news for the IT companies particularly those with US exposure. So, I would stick with Infosys and Tata Consultancy Services (TCS), but our favour remains Tech Mahindra."
"We think it has moved into a different league and it will continue to close that gap in terms of ratings over the next few years. So, after a bit of consolidation we think the share price is ripe to move up again at least 20-25 percent over the next six-nine months. We do not want to chase some of the other IT companies and if I had to pick then it will be Infosys, TCS and then Tech Mahindra," he added.
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