Prefer Tech Mahindra, HCL Tech: Gaurang Shah

Gaurang Shah of Geojit BNP Paribas Financial Services told CNBC-TV18, "It is more prudent to have a longer term horizon because very recently we had Infosys management speak their guidance which was revised downwards for the third quarter and third quarter traditionally has been a difficult quarter every year for the IT sector. The problem is not with the time horizon of course with Polaris Consulting, the stock itself is a big question mark.""Our preference would be to look at HCL Technologies and Tech Mahindra. Both these stocks has seen a price correction and has been underperforming. However, given the earning visibility and our outlook on the counter we believe that it is better to move into HCL Tech or Tech Mahindra rather than being invested for a one year point of view into Polaris," he added.