Upside seen in IT stocks: Gaurav Doshi, Morgan Stanley PWM

Gaurav Doshi, Morgan Stanley PWM, in a chat with ET Now, shares his views on IT stocks.

What about Infosys versus TCS, which one are you more bullish on?

Fundamentally, TCS is going to have a good quarter. There is no doubt about that but the full valuations limit the upside on the stock from a price point of view. On the other hand, Infosys gives us a price upside in case there is a positive surprise there. So while we like TCS, we are seeing fundamentally it is a little expensive and the gains in the stock may be capped.