Speaking on the sidelines of the Kotak Institutional Investor Conference, Kawaljeet Saluja, executive director & head-Research, Kotak says IT stock returns will be more in sync with earnings growth in 2014.
Saluja further adds that 2013-levels of growth is unlikely, but IT demand environment is still very strong.
Also read: TCS to beat Nasscom guidance of 13-15% growth for FY15
On stock preferences, Saluja says that despite a good run seen in HCL Tech, the brokerage has some concerns on the sustainability of the robust growth.
TCS, however, is a stock Saluja is confident of and says that it shoule for a part of every investor’s portfolio.
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