Tuesday 18 November 2008

Expect more weakness in largecap IT stocks: P Seth

Prashasta Seth, Senior Fund Manager, IIFL Wealth, India Infoline is of the view that one is going to see some more weakness in the largecap IT space.

Seth told CNBC-TV18, "We still believe that we are probably going to see some more weakness in the large-cap IT space. They are to a very large extent dependent on how FY10 will look like in US and there is a lot of uncertainty with respect to that. So given the fact that there is no earnings visibility for FY10, I think you will see a bit more weakness in the IT space as well."

Source: Moneycontrol

Posted by Harsh at 09:02

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