Mid-cap IT stocks like Tech Mahindra, MindTree have more value than TCS: Prakash Diwan, Altamount Capital Management

In a chat with ET Now, Prakash Diwan, Director, Altamount Capital Management, shares his views on midcap IT stocks. Excerpts:

ET Now: Do you still favour buying large-cap IT stocks?

Prakash Diwan: No, while large-cap IT stocks like TCS could continue being strong enough to hold its ground, it is not going to offer that another 20 per cent of mark-up.
On the other hand, the value is in mid-cap IT stocks such as Persistent Systems, Tech Mahindra or MindTree.