TCS, Infosys, HCL Tech to Wipro - how much will Indian IT industry grow, or will it? Find out
Infosys is Kotak’s top pick and will lead the industry on growth. Tech Mahindra is 5G, margin expansion and inexpensive valuation play. HCL Tech offers reasonable upside from current levels. Kotak believes that IT companies have done well to navigate changes post Covid and are well positioned to capitalize on ensuing opportunities. TCS and Infosys will lead the way. Wipro could be the dark horse, while HCL Tech has built in an element of predictability.
Kotak Institutional Equities expects the Indian IT industry to grow in double digits in FY2022E with select large players growing up to 12-13% driven by market share gains, accelerated transformation spending and cloud-driven opportunities: Reuters