Stay invested in Tech Mahindra, says Phani Sekhar

Phani Sekhar, Fund Manager-PMS at Angel Broking told CNBC-TV18, "We hold Tech Mahindra in our portfolio management scheme (PMS) so we are interested in it. Large part of the turnaround that one expects from Tech Mahindra is already there in the price but having said that it will join the top five in the IT space and going forward margins might expand a bit more. Full synergy benefits although large part is already there in the margins it will pan out more. So the real catalyst or the real pointer in Tech Mahindra is the sales growth that one expects over the next two-three years, so I advice the investors to stay invested."

"It is a good idea to be a long-term investor in equity but with a caveat that you should be reviewing your investments at least every two years or so. So my investment recommendation is valid for the next one-and-a-half to two years," he added.