Adopt more cautious stance for technology counters: Unicon Investment
ET Now talks to Shrikant Shetty, Head, Equity Advisory, Unicon Investment Solutions on technology stocks.
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| ET Now talks to Shrikant Shetty, Head, Equity Advisory, Unicon Investment Solutions on technology stocks.
Earnings is going to be the next big event, from perspective of technology a counter like Infosys at 2700, do you pick it up expecting another strong quarter which warrants another round of re-rating or are you going to adopt a more cautious stance?
Adopting a more cautious stance would be ideal. There could be some trading rally ahead of the results. That is quite possible, maybe 2800-2900 kind of move is possible but anything substantial up move beyond that looks a bit unlikely. So being a bit cautious is advisable.
Earnings is going to be the next big event, from perspective of technology a counter like Infosys at 2700, do you pick it up expecting another strong quarter which warrants another round of re-rating or are you going to adopt a more cautious stance?
Adopting a more cautious stance would be ideal. There could be some trading rally ahead of the results. That is quite possible, maybe 2800-2900 kind of move is possible but anything substantial up move beyond that looks a bit unlikely. So being a bit cautious is advisable.
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