Buy Infosys from a 6 month perspective: Ashwani Gujral

Ashwani Gujral, Chief Market Strategist, ashwanigujral.com in an interview with ET Now talks about IT stocks.

What is the call on IT?

Both Infy and TCS are buys from a different angle. If you like to buy bad news, then Infosys is probably a stock and it is a company which will work out its problems. It has a history. So you have a 20% upside if you are looking at a 6-month type view.

TCS is more buying strength that if it declines towards 1140, it again becomes a buy. So it is not a sector which is going to a deep decline but one that may remain sideways while the rest of the market outperforms but within that, you will get opportunities both in Infosys and TCS to add to a longer term portfolio. TCS remains a short term buy post a correction to about 1140 odd.