Limited downside in IT stocks: Baliga

(My Original Blog Post: http://www.onlineequitycalls.com/2008/12/limited-downside-in-it-stocks-baliga/)
Ambareesh Baliga of Karvy Stock Broking feels that there is limited downside in IT stocks.

"IT provides a lot of value at this point of time but we can’t recommend people to buy right now because people surely expect some sort of returns, at least over the next 3-6 months, which I don’t think is possible at this point of time. I think IT should be there on the radar to be bought, like the downside is quite limited from here. But I think people should wait at least for the next month or two before they really decide which stocks to buy and on the top of the radar is surely Infosys, TCS and Wipro."

Source : MoneyControl