Bullish on Tech Mahindra, HCL Tech & Infosys: Prashasta Seth

In a chat with ET Now, Prashasta Seth, Senior Fund Manager, IIFL Wealth, shares his views on IT stocks.

ET Now: So which IT stocks would you recommend buying on dips?

Prashasta Seth: We have been buying Tech Mahindra, we have been buying a bit of Infosys and HCL. So those would be the three names that we would look to accumulate if we see some amount of corrections. Having said that, all of these stocks have seen a vertical move. So from a three-year view or one and a half, two years view, you have to be more cautious but from a next three-six months’ view, you could still buy a lot of these names. Till you see any kind of move in terms of what happens in the December results because December quarter is seasonally a weak quarter and you might see some seasonality out there but till first week of Jan or Infosys results, from purely trading perspective, you can buy these stocks.