Remain positive on IT services: Hemang Jani 

Hemang Jani of Motilal Oswal Financial Services remains positive on IT services. “People are slightly disappointed with the numbers though they were in line on the revenue front. The sense one is getting is that after a third quarter of pressure on margins, one is not really sure exactly at what point this will bottom out. Though the management commentary is positive, there is fear that maybe depending upon how the situation unfolds over the next few months, you might see some disappointment in terms of deal flows,” he tells CNBC-TV18.

However, after a correction of almost about 25-30 percent from the top, people will eventually want to get into this space given that all the companies are stable with good cash flow, he says.