Buy TCS with target of 1210: Pankaj Pandey

In a chat with ET Now, Pankaj Pandey, Head of Research, ICICI Direct shares his views on IT stocks.

ET Now: What is your call on IT stocks?

Pankaj Pandey: From medium-term perspective, we expect markets to be ranged. For IT we are bullish. We have turned a bit cautious because what we are expecting is that there might be a lot of concerns, which are there priced in stocks. If we have some big event happening in Europe, it is still not really factored into the prices. We still like TCS in IT space with a lower target price of 1210.