Prefer Mindtree, Tech Mahindra: Nirmal Jain

Nirmal Jain, Chairman at IIFL is of the view that one may prefer Mindtree and Tech Mahindra from a medium-term perspective.

Nirmal Jain, Chairman at IIFL told CNBC-TV18, " Infosys has maintained the guidance at 7-9 percent which is better than street expectation but in IT sector I would think that there are better values in stocks like  Mindtree and  Tech Mahindra from a medium-term perspective but if you have to have a larger basket then include Infosys as well."

Infosys ended at Rs 2,073.60, up Rs 99.05, or 5.02 percent on the BSE.

The share touched its 52-week high Rs 2,200.50 and 52-week low Rs 1,447 on 01 December, 2014 and 30 May, 2014, respectively.

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