IT stocks to benefit from current US turnaround: Prakash Diwan, Altamount Capital Management

In a chat with ET Now, Prakash Diwan, Director, Altamount Capital Management, shares his views on the IT stocks:
ET Now: Let us quiz you then on what you make what you make of some of the IT stocks and whether or not you would be looking to initiate trades here?

Prakash Diwan: IT seems to be going in the reverse direction. Every time we see the rupee move up or down. However, IT is hear to stay. I would not write it off just because the rupee has gained some ground. The IT would also benefit operationally from a turnaround that we are seeing in US. If that continues, some of the IT stocks, which have a decent US exposure, would benefit. By virtue of that, the likes of Tech Mahindra, MindTree and TCS are in the right space.