Continue to add positions in IT, will be long on sector: Ajay Srivastava

In a chat with ET Now, Ajay Srivastava, Chief Executive Officer, Dimensions Consulting, shares his views about the IT space.

ET Now: What do you make of the crowded trade like IT?

Ajay Srivastava: We are long on IT and continue to be long. We continue to add positions because even if they hedge themselves at 62, 63, 64 for the next year or two, then that is a huge amount of money which is coming their way.

With the US economy in a positive mode, we are looking at a good set of numbers to come over the next three to four quarters. So, there’s no reason to sell off IT at this point of time. In fact, we recommend that if you see correction in stock prices, then you need to find a way to build it back to your portfolio.