Positive on IT stocks: TP Raman

TP Raman, MD, Sundaram Mutual Fund AMC, talks to ET Now on IT and telecom stocks.

What about the IT space and also telecom?

It is okay, although some concerns have been expressed recently by NASSCOM. As a fund house, we are quite okay with it. We are neither too bullish on that nor too bearish but we feel that there is still steam in that sector. So too early to decide because although contrary reports have been coming that it is not going to be great next year but we need to make some more assessment. There are political statements made by the countries, which are users of these services and also the developments that are happening in Europe.