Bullish on IT Sector: Ajay Srivastava, Dimensions Consulting

Ajay Srivastava, Dimensions Consulting Pvt. Ltd., in a chat with ET Now, gives his views on the IT sector


What’s the expectation from IT in light of Infosys’s numbers up next?

Expectation is buoyant, very positive expectation from the whole IT sector. By and large both the mid-cap and the top line companies, not only IT including the pharma services, the expectations are that profits are going to go up. The revenue line may not go up that much, that’s a very clear expectation but the profit aspect is going to be quite tremendously upgraded due to the exchange rate difference. If the expectation is exchange rate will remain where it is and it should depreciate further rupee, then of course the positiveness will continue but the mood is pretty buoyant because both at the end of the user and the currency, there is a great positive happening there.