TCS may report negative returns in next two quarters: Ambareesh Baliga

In a chat with ET Now, Ambareesh Baliga, COO, Way2Wealth Brokers Pvt Ltd, shares his views on TCS.

ET Now: On the charts TCS?

Ambareesh Baliga: If Infosys and TCS are compared, I would still be more bullish on TCS, that should outperform. But then, if you are talking of the IT pack overall, we have been negative for a while even before the results came out. I had given a short call on Infosys at 2450-2475 levels. Now talking of TCS, although it could outperform the rest of the pack, but still net net in the next three to six months you will get negative returns from TCS. So, at these levels again I will surely not recommend.