Wait and watch for IT stocks: Anand Tandon, JRG Securities

Anand Tandon, CEO, JRG Securities, in a chat with ET Now, gives his call on the IT sector


What’s your call on the IT right now?

In the near term the challenge will be about volume growth. There were some signs that the US is perhaps doing better. The US president is trying to get jobs back onshore rather than offshore. Volume growth has been reasonably okay but one of the key things to watch out in this quarter has been the fact that there is now divergence between the top three companies and, therefore, it is not anymore simply a sector call. You have to start looking at issues related to each company and that makes it a little more company specific rather than just from the point of view of the sector. In the sector, the headwinds are not yet out of the way but that said a falling rupee will obviously benefit.