Stay positive with IT stocks: Dipan Mehta, BSE and NSE

In a chat with ET Now, Dipan Mehta, Member BSE and NSE, shares his views on the IT space. Excerpts:

ET Now: What is your view on the IT stocks?

Dipan Mehta: A healthy kind of a correction is taking place; what we are noticing is that the momentum is shifting to larger markets, broader markets and many more stocks and investors are reshuffling their portfolios and moving away from IT.

We have seen a good run on banking stocks and some of the engineering companies as well; that does not mean that IT stocks have not delivered returns going forward. We remain bullish on IT companies.

One should be positive on IT per se and with the kind of balance sheet and corporate governance standards, one really cannot stay away from that sector for far too long.