Positive on IT stocks in long term; in short term, they won’t do much: Deepak Shenoy

Deepak Shenoy, Founder, Capital Mind, says “we are going to see the commentary being apprehensive regardless of which company it is but over the course of next year, we are going to see a lot of these companies, especially the larger cap companies come back in a reasonable fashion, simply because once the fear dies out, the core business is attractive. They are very cash positive with no debt and have the capacity to expand. So we are positive in the longer term. In the short term, the stocks will not do much.