After Infosys result, there may be a sell-off in other IT stocks on Monday: Dipan Mehta

Infosys’ guidance of 4-7% constant currency has disappointed investors and may lead to a sell-off in other IT stocks. Dipan Mehta, Director, Elixir Equities, suggests staying away from the sector for now, although the time to sell may have passed due to the correction. Mehta advises investors to closely monitor figures such as deal flow and balance order book position, as these can provide earnings visibility. However, for the moment, the outlook for the sector is bleak, with no clarity on when recovery is likely to happen.

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