Avoid IT stocks unless valuation turns attractive in next 2-3 quarters: Sandip Sabharwal

"The Indian technology stocks will not fall as much as the global technology stocks did in the Nasdaq carnage. So they held up pretty well. If they held up pretty well, then on the upside also their performance has to be moderate. So that is where we are. There is too much correlation built on day-to-day rupee dollar movement for IT stocks, which is not the right way to look at it."

Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.