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

No comments:

Post a Comment

DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.