Positive on Rolta, Firstsource or NIIT: ICICI Direct

Pankaj Pandey, Head of Research, ICICI Direct in a chat with ET Now talks about the mid-cap IT stocks.

What’s your sense, mid-cap IT? Obviously the big boys have not disappointed with their results. Similar expectations from the mid-cap stocks?

See, what we have seen post result is that there is an upgradation in the target prices of most of the counters, especially with the kind of volume growth, most of the companies have predicted, so in that sense, we would expect the mid-cap IT counters also to do well but then again that would remain to be seen in terms of how stocks do well but in terms of picks, we are quite positive on some of the counters like Rolta, Firstsource or NIIT for that matter.