Look for getting into some larger IT cos on correction: Nipun Mehta, Founder & CEO, Blue Ocean Capital Advisors

In a chat with ET Now, Nipun Mehta, Founder & CEO, Blue Ocean Capital Advisors, shares his views on the market. Excerpts:

ET Now: What stocks do you have on your radar right now, scanning the results which have been reported so far?

Nipun Mehta: We are waiting for a correction as far as IT is concerned. You have seen a significant run up post the Infosys results in IT. If the market does correct or if there is profit booking in IT, you could see some of these stocks correcting. Clearly, the conscious feeling that IT seems to have seen its worst is important and you are likely to see improved topline growth and large client acquisitions coming in from some of the European and US markets. So we will look at getting into some of these larger IT companies as and when there is a correction, with a view of at least six months to one year exposure.