Looking to buy top IT stocks? Wait for a quarter to get bargains

Mumbai: Investors looking to buy shares of technology companies such as TCS, Infosys and HCL Tech among others amid the recent weakness could consider accumulating them after three to six months.

With the banking and financial sectors in the developed economies especially the US – a segment that contributes a sizeable chunk to the domestic software services exports – under stress, analysts said there is a likelihood of further earnings downgrades in the sector that could weigh down shares of these companies in the near future.