IT companies can deliver 8-10% earnings return this season: Sandip Sabharwal

I think expectations even in IT are very low. People expectations have been lowered due to Chennai floods and then management commentary.

IT companies can deliver 8-10% earnings return this season: Sandip Sabharwal
In a chat with ET Now, Sandip Sabharwal, asksandipsabharwal.com, shares his views on IT.

ET Now: IT results come next week, and all tilt will be on how IT pans out and that definitely is one sector which is going to be in focus with TCS, Infosys as well slated to come out with their numbers first, what is the big expectation from IT?

Sandip Sabharwal: I think expectations even in IT are very low. People expectations have been lowered due to Chennai floods and then management commentary. The expectations are really low, so even there if they deliver on expectations, IT stocks will look very well placed given the way the rupee-dollar has panned out. I would say that even in this quarter, most of the large IT names could deliver 8-10% easily.
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