Prefer Patni to MphasiS: Brics Securities

In a chat with ET Now, Abhijit Paul, Technical Analyst, Institutional Research, Brics Securities, shares his views on IT stocks.

Purely from the trading standpoint, which are the stocks which you are watching out for?

I like the large cap IT stocks, much better the second rung ones. The second rung ones do have their time of corrections which are quite steep. Between Mphasis and Patni, Patni is a better pick at current prices. Not to mention this entire sector is getting some amount of support from the fact that dollar index within itself is trying to emerge and probably bounce back after a 6-months-old correction. If I have to pick one large cap within the IT sector, it will be Infosys.