HCL Tech, TCS look good, says Bandyopadhyay

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HCL Tech, TCS look good, says Bandyopadhyay

HCL Tech and TCS are looking good, says Sudip Bandyopadhyay, MD & CEO, Destimoney Securities.

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

HCL Tech and TCS are looking good, says Sudip Bandyopadhyay, MD & CEO, Destimoney Securities.

Bandyopadhyay told CNBC-TV18, "IT numbers have been quite impressive, even if you look at the Infosys number or even TCS numbers, the numbers were good. I really do not see any problem if a largecap IT Company is still growing at around 15% on an average. I think that is an excellent growth."

He further added, "As a fundamental analyst, as an investor for longish term I see absolutely no problem in these numbers. Yes, short term there are concerns and yes, there are some concerns about the guidance which was provided by Infosys but as far as TCS is concerned, the growth was not as much as what Infosys did show in the quarter gone by. The guidance as far as TCS was concerned was quite interesting and quite encouraging I would say. I don't see too much of a problem in either TCS or Infosys. HCL was excellent. They are in an excellent niche and they have done pretty well in that niche. Out of the four IT Biggies definitely HCL is outpacing others in terms of growth. Wipro this quarter we believe should be good. If you ask me on an overall between the four companies still Wipro is lagging behind. We probably need to give couple of more quarters before they can catch up to the other three biggies."