Quantum Securities extremely cautious on IT space

Written By Unknown on Kamis, 28 Maret 2013 | 16.02

Sanjay Dutt, Director of Quantum Securities is extremely cautious on IT space. He said he would book his profits if he has been holding on to the stock.

Dutt told CNBC-TV18, "I am extremely cautious on information technology (IT) space because the reason that makes me really cautious is over ownership. That is the safe haven where people have been hiding, the prices are reflecting on the fundamentals right now."

"Slightest issues related to guidance with some of the leaders are really going to lead to a problem with all portfolios particularly institutional portfolios has been hiding there for quite some time. So I would be a little cautious there. I definitely have very tight stop losses and take my profits if I have been holding on to the stock because we have seen massive outperformance in the sector," Dutt added.



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