Stay with the TCS for time being: Deven Choksey, MD, KR Choksey Securities

In a chat with ET Now, Deven Choksey, MD, KR Choksey Securities, shares his views about TCS.

ET Now: What did you make of TCS’s impressive performance and more importantly now that they put to rest fears that the industry is not really growing?

Deven Choksey: Against all expectations, the results have been positive surprise. And even in the BFSI space where we had concern, they have probably performed well. So, from that point of view, if you look at it, they are showing the path as far as the industry is concerned and are leading path at this point of time. That is no reason for me to say that yes this company would remain in that particular bracket wherein investor would have more confidence and the commentary also suggests the positiveness. So, from that point of view, I would stay with the TCS for the time being.

Though prior to result, I had inclination that this particular premium valuation of this particular stock might not remain and probably it may come under attack. But, with the positive commentary coming up, it is suggesting that it will probably may not go up dramatically but at the same time it will remain in positive territory hereafter.