Jul 06, 2013, 02.38 PM | Source: CNBC-TV18
Gautam Sinha Roy of Motilal Oswal Securities recommends to buy HCL Technologies, and second preference should be TCS in technology space, he adds.
Gautam Sinha Roy (more)
VP-Equity Strategy & Product, | Capital Expertise: Equity - Fundamental
He further added, "Apart the discretionary spend growth that we are expecting in the beginning of the year doesn't seem to be coming back as has been highlighted by Accenture again in its latest release. So, between these two diverse factors, we like commoditised players - HCL Technologies where we expect earnings per share (EPS) growth to be strong. Valuations are also attractive. So, HCL Tech will be our top pick heading into the results season."
"We would not expect any positive surprise from Infosys as of now because of delays in recovery in the discretionary spend environment. So, we would continue to be positive on the space, but prefer HCL Tech and Tata Consultancy Services (TCS) as a second preference," Gautam Sinha Roy said.
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