Overweight On IT Sector: Kotak Institutional Equities
  • Elizabeth George
  • Sep 11 2013

September 11: Kotak Institutional Equities’ Sanjeev Prasad is favorable towards the IT sector as it is not a sole rupee play. “A large percentage of IT earnings comes from the US, and to some extent Europe, and the recent recovery in these economies will provide a boost to IT revenues,” he says. He sees adequate support for these companies, which have good valuations and will benefit from a rupee fall in the medium term.