Nomura picks Infosys in Large-caps and Persistent in mid-caps

Nomura logo-c139afec

Global Investment Bank, Nomura expressed its view on the IT sector. It expects that the sector EPS upgrade will continue. 

It said its order of preference for Large -caps as follows:

Infosys

Wipro

Tech Mahindra

HCL Technologies

TCS

Cognizant 

Its order of preference for mid-caps is as follows:

Persistent

Mphasis

L&T Info

Mindtree

On Friday, Nasdaq down around 1%. Generally, it impacts the performance of our IT stocks too. However, positive cues from SGX Nifty and this report of Nomura may have a positive effect on our IT sector. Moreover, IT stocks have seen a correction last week. So, today the sector may see some upward movement.              

Raghuveer Jandhyala

Editor, Tax Concept. I have written on market, finance, management, and technology.

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