Buy TCS as it will outperform Infosys: Harendra Kumar, Elara Capital

In a chat with ET Now, Harendra Kumar, Managing Director-Institutional Equities, Elara Capital shares his views about the IT space.

ET Now: What is the expectation now from TCS as well as Wipro? Do you think they would follow or they would outperform Infosys?

Harendra Kumar: TCS would outperform Infosys but I am not too sure about Wipro. The space has become too polarised because TCS is just about meeting expectations.

Despite the rupee tailwinds, the sector is not behaving as it should. So, the trade remains with TCS for the next quarter as well. Hence, long TCS and short Wipro, Infosys and this is unlikely to change for the next three months. I think that the whole action will probably remain in the midcap IT space.