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Rethink on L&T, avoid BHEL, pick IT & pvt banks: HDFC Sec

Since dollar denominated revenues make sense at this point of time, IT, barring TCS, was quoting anywhere between 11 and 12-13x or so on. Midcap ITs were going for 8 and 9x and this is less than a month ago and IT stocks continue to outperform.

first published: Jul 22, 2013 11:30 am

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