Shift in fund allocation to IT post Infosys numbers: Deepak Shenoy

In a chat with ET Now, Deepak Shenoy, Founder, Capital Mind, shares his view on the IT pack.

ET Now: Are you as bullish about IT at large, and, of course, would you be buying Infosys India or client accounts or your personal accounts right now?

Deepak Shenoy: Actually, we were more focused on TCS and perhaps some of the other players like Tech Mahindra but looks like that after this result Infosys seems to be more confident of where they are going. So, there might be a shift in allocation perhaps to IT, but, I believe, fundamentally, that the guidance is good. I would like to see them perform, the result is okay it is not phenomenal it just beats the guidance by a little bit but did not beat my expectation on those numbers but I believe from a relative perspective Infy does look stronger now and allocation should in IT should include Infosys I was not earlier very confident about having the numbers.