Bullish on HCL, Infosys, 2 other IT stocks: ​​​Gurmeet Chadha

Besides HCL and Infosys, Gurmeet Chadha of Complete Circle Consultants is also bullish on MindTree and Tata Elxsi. Edited excerpts from an interview:

What is your outlook on the midcap IT space, given the order pipeline, revenue growth and currency tailwinds?
It is not about largecap vs midcap IT. You have to see the sector from the momentum in deal wins and how margins are going to be like. Among larger names, we like HCL and Infosys. HCL has corrected almost 15 per cent from its recent high. It had a soft quarter. The deal win momentum continues to be good. Their core specialisation is app modernisation, which would hold them steady. We continue to like MindTree, which has one of the best margins in the midcap IT space. We also like Tata Elxsi. Their dependency on automobiles has come down significantly and we are seeing lot of deal wins.