Quite positive on Infosys at the current levels: Suresh Mahdevan

Suresh Mahdevan, Head of Research, UBS Securities in an interview with ET Now talks about IT stocks.

What about the IT space? In the near term, Indian IT is going to sort of benefit from Oracle’s plan to phase out Itanium but does it seem like it is a good quarter ahead as well lined up?

The base data point, which may come out as the Infosys guidance, which comes out around early April, 10th or 12th or something like that but certainly we are expecting Infosys to up their guidance, particularly on the revenues side. We are quite positive on Infosys at the current levels. Probably we prefer it over TCS at this point and my sense is that still some more steam left in something like Infosys.