HCL Tech has performed better than expectations: Ambareesh Baliga, Way2Wealth Brokers Pvt. Ltd.

Ambareesh Baliga, COO, Way2Wealth Brokers Pvt. Ltd., in a chat with ET Now, gives his views on the IT space


What are your views on the IT space?

I would still look at the large cap IT stocks although IT overall we are not so positive, but then the price point for Infosys seem to be decently good at 2825 levels so in fact at those levels we started buying.

There is one stock which I would like to buy from a fundamental angle looking in the next two-three years is clearly HCL Tech where the performance has been much better than what the street has been expecting. Last two or three quarters the performance has been beyond the expectations of people. So I suppose that is one stock which one should buy.

TCS I would not buy right now. TCS and Wipro I am not really buying right now.