Dec 03, 2013, 04.12 PM IST
IT: Motilal Oswal prefers PSYS and MTCL for greater earnings sensitivity to currency movements, expectations of strong revenue growth going forward and better financial metrics v/s peers. Tech Mahindra remains a top pick in the space, says Motilal Oswal research eport.
Motilal Oswal's report on IT sector
During 1QFY14, among tier-II stocks, TECHM was the only company which reported a positive surprise in revenue growth. However, even companies that were facing challenges to growth in the first half of calendar year have guided strongly, citing an uptick in the US and discretionary spending.
Growth polarization as evident in tier-II as in top tier
Unexpected margin trends amid reinvestment of currency benefits
Tier-II valuation and view: TECHM remains our top pick
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
To read the full report click here
Tags: Motilal Oswal, IT sector, PSYS, MTCL, Tech Mahindra, TECHM, Cummins India, NIIT Technologies, KPIT
Action in Tech Mahindra
Video of the day
Dec 6 2013, 15:02
- in MARKET OUTLOOK
Dec 4 2013, 11:08
- in FII View
We notice that this Email ID is already verified against Moneycontrol User ID. Just enter your password and login to Set Alert.
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.