Prefer largecap IT stocks; positive on Infy, HCL Tech and TechM: Mayuresh Joshi

In a chat with ET Now, Mayuresh Joshi – Fund Manager, Angel Broking, shares his view on the IT pack.

ET Now: What did you make of the midcap IT space? Have your research team changed the rating on any of the midcap IT names?

Mayuresh Joshi: Not really. We are still staying put on the top tier names and the numbers by top tier have been good as well. If you take Infosys as an example, the company has posted a brilliant set of numbers. Wipro did manage to deliver a decent set of numbers as well. Tech Mahindra, with a profit warning that they had given, surpassed expectations of lot of analysts on the Street as well. So, we still remain quite optimistic on tier I names within the IT pack. Therefore, Infosys, HCL Tech and Tech Mahindra are something that we will continue to like.