Expect investors to come back to IT sector: U R Bhat, Dalton Capital Advisors

In a chat with ET Now, U R Bhat, MD, Dalton Capital Advisors, shares his views on the current outlook of the IT sector. Excerpts:

ET Now: Do you think it is now time that IT sector would go into corrective phase or is it just profit-taking?

U R Bhat: It is profit-taking as a lot of people had hitched on IT bandwagon. Given the state of rupee and the fact that companies have done very well in the last quarter, people would come back to the IT sector soon.