Makes sense to buy into some IT stocks: Seshadri Bharathan

Seshadri Bharathan, MD & CEO, KSEMA Fincon Ltd. in an interview with ET Now talks about IT stocks.

What do you think of IT stocks? Would you buy into them after what Cognizant did yesterday?

yes. Some of the top IT stocks selectively. Cognizant has upped the annual guidance from 25% to 36% and if you look at Indian stocks yes it augurs well especially for companies like Wipro and TCS which trades around 18 to 19 times their one year forward earning. So yes it make sense to buy into some of these stocks.