Small IT companies looking interesting: Deepak Shenoy, Capital Mind

In a chat with ET Now, Deepak Shenoy, Founder, Capital Mind, shares his views on the IT sector. Excerpts:

ET Now: Accenture's guidance up tick has led to that bit of a trading bounce in IT but what is your sense with the warnings given by TCS and to an extent even Tech Mahindra?

Deepak Shenoy: On IT, one of the worries is that we still have dollar at 63 and warnings coming from larger IT companies but we are looking at smaller IT companies, the likes of KPIT. Today, we are researching couple of smaller IT stocks. These are more interesting than the larger cap IT plays because we are really worried about why the rupee is so weak. That guidance is so weak from some of the larger players. Accenture has been a bit of a surprise but it is still standing out compared to TCS and earlier Wipro, which announced that it would rationalise its workforce.