Prefer TCS, HCL Technologies: Rajiv Mehta

Rajiv Mehta, banking analyst at India Infoline told CNBC-TV18, " There is a scope for Infosys to bridge some more gap between itself and Tata Consultancy Services (TCS) in terms of valuations but that would entirely depend on how FY15 pans out and whether they are able to bridge the gap in revenue growth and more importantly in confidence of their commentary with the peers like HCL Technologies and TCS. Currently till that happens our pecking order is that we are preferring TCS and HCL Technologies over Infosys and Wipro."

"However, we think that Infosys is a good story which is evolving and if the margins continue to trend upwards which we think should be the case and if the revenue growth starts accelerating from first quarter FY15 then even Infosys has got a substantial upside from the current levels," he said.