See limited downside in IT stocks, stay invested: Neeraj Deewan

In a chat with ET Now, Neeraj Deewan, Director, Quantum Securities, shares his views on IT stocks.

ET Now: What about the defensive stocks right now? Do you think that IT can be a good hiding spot?

Neeraj Deewan: Yes, IT is one where there are fewer concerns compared to other sectors. The valuations of IT stocks are also not that expensive either. With the US recovery on track, suggested by the kind of data which is coming from the world's largest economy, IT is one sector which where one can stay invested. '

Though you might not see good rallies, but at least the downside will be protected and you will not lose your money, at times when the market is so volatile.