Dipan Mehta cautious on software companies

Dipan Mehta, member at BSE & NSE has a cautious view on software companies.

Dipan Mehta, member at BSE & NSE told CNBC-TV18, "All software company investors need to be a bit cautious, scale down the expectations for the March quarter numbers and closely observe what the managements have to say, how the exact market is shaping for them, where are the pressure points and are they going to be able to increase the volumes in the next fiscal. So just wait for the results come out and may be you could get a better opportunity then."

At 13:40 hrs Tata Consultancy Services  was quoting at Rs 2,543.65, up Rs 27.45, or 1.09 percent. It has touched an intraday high of Rs 2,548 and an intraday low of Rs 2,518.10.

At 13:41 hrs Infosys  was quoting at Rs 2,217.25, up Rs 15.30, or 0.69 percent. It has touched an intraday high of Rs 2,226.45 and an intraday low of Rs 2,195.45.

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