Bearish on IT: U R Bhat, Dalton Capital Advisors

U R Bhat, MD, Dalton Capital Advisors, in a chat with ET Now, gives his views on the IT space

It clearly seems with the problems in the west that is going to resurface concerns for the entire IT space in terms of order flow slowdown for sure?

Well IT is not going to be favourite of the market today at least and if there is going to be a slowdown or even a recession than the US and even Europe will in a little it will affect the fortunes of the IT industry so therefore I think that is not a sector where one should really be hiding now. But it also depends on the extent of correction, the extent of correction is much beyond the 10%-15% there might be value there but initially we are saying it falling by about 4%-5% I do not think one should rush there.