Wipro to outperform among Tier I IT stocks: Mehta

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Wipro to outperform among Tier I IT stocks: Mehta

Wipro to outperform among Tier I IT stocks, says Dipan Mehta, Member- BSE/ NSE.

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Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See previous views by Dipan Mehta See what other Experts & Brokerages are saying about Wipro See messages about Wipro

Wipro to outperform among Tier I IT stocks, says Dipan Mehta, Member- BSE/ NSE.

Mehta told CNBC-TV18, "The focus on the IT results this time around will be on what is the actual effect of the rupee depreciation, are they able to keep the prices, are they offering discounts, what is the extent of the hedging they have done and then more importantly I think could be how the US, the market for the software companies, how that is actually doing and what the exact situation is in Europe as well."

He further added, "These are the key questions that we are looking for answers from the IT companies and my sense is that all of them will come out with kind of positive outlook and maybe you could see that this current rally, which we are seeing in IT companies that may get further carried forward after the results are out and specifically I think HCL Tech - typically these companies, they go through their lean quarters and then there are certain strategies, which they have put in place, which then finally play out, some acquisition, which they have made actually start coming through for them, but on the whole the industry is on a good wicket over here and it's a matter of time before these companies start performing in line with each other."

"We have seen this rotation of leadership from time to time if it was Infosys couple of years ago and then TCS and then HCL Tech came back into reckoning, but our sense is that this time maybe Wipro could be the dark horse over here and with usual disclosure I think that seems to be the best pick in the IT sector better than perhaps even Infosys, TCS or HCL Tech for that matter."