IT stocks close to peak multiples; a stock-selective approach is better: Apurva Prasad
Apurva Prasad of HDFC Securities suggests that IT companies with higher BFSI exposure, such as TCS, might exceed earnings expectations. He notes that the sector's growth and earnings cuts have stabilized. Mid-tier firms like Persistent Systems continue to perform well. Due to high valuations, a selective investment strategy is recommended.
TCS
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