Continue to hold on to TCS and Infosys among IT stocks: IV Subramanium, Quantum Advisors

In a chat with ET Now, IV Subramanium, CIO, Quantum Advisors (Fundamental Check), shares his views on IT stocks.

ET Now: What is your pecking order now when it comes to IT majors?

IV Subramanium: We have always said earlier that we continue to like the IT space and within that the larger companies like Infosys or TCS. As long as the cost arbitrage exists between labour cost in the US and the labour cost in India in terms of software engineer and if that difference is high, these companies would continue to do well. They have a proven business model. They have proven that they can go up the value chain in terms of consulting or delivering on products.

So, given these facts and the fact that it is cheaper to get things executed in India gives us a lot of confidence that business will see good volume growth going forward. We have never really
focussed on quarterly numbers to decide whether we should be in these stocks. Even at this point time, we are happy holding onto both the stocks, TCS and Infosys.