Sharmila Joshi, Head of Equity of Peerless Securities told CNBC-TV18, "Perhaps not TCS or Infosys but I think IT seems to have regained flavour. I think that is what you could focus on. Even the midcap IT companies have reported good numbers."
"They have also had support from the fact that the rupee has depreciated, but even the kind of growth they have shown in client addition, they have come out sounding quite confident. So, whether it is an iGate, Hexaware Technologies, MindTree we have seen a good set of numbers," she added.
Joshi further said, "IT is a sector which is back in focus and you could see some amount buildup there. In fact one of the recommendations that I do have is on Hexaware which also reported a very strong set of numbers. We have infact upgraded our target from Rs 115 to Rs 135 given that the management sounded so positive on maintaining margins as well as growing clients in coming quarter as well."
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