IT stocks tumbling on Accenture guidance cut? Time to accumulate, says Sandip Agarwal

Sandip Agarwal, Fund Manager & Co-founder, Sowilo Investment Managers, says companies like HPL, Tech M, Wipro are still trading at a very reasonable valuation. These are depressed earnings and on depressed earnings, the multiples may look reasonable but they are actually much lower. These are the names which investors should accumulate if they have a 1 to 3 or 4-year view. If a correction happens, even Infy, TCS looks like a very good buy.”