Ankita Somani, IT Analyst, Angel Broking does not think TCS has surprised in the positive. Margins as well as dollar revenues came in below expectation.
Ankita Somani, Analyst at Angel Broking points out Wipro has been a laggard in terms of revenue growth among the top four IT companies.
Ankita Somani, Analyst at Angel Broking is of the view that Wipro has been a laggard in terms of revenue growth among the top four IT companies.
Despite Infy's the good set of numbers, TCS continues to remain Angel Broking's top IT bet follwed by HCL Tech. Infosys is their third-best pick which the brokerage house suggests accumulating at a target price of Rs 3,500
Ankita Somani of Angel Broking suggests accumulating Infosys with a target of Rs 3500. "The first bet is TCS then HCL Tech and after that it is definitely Infosys," he adds.
ICICI Bank today toppled Bharti Airtel to become the country's 10th most valued firm in terms of market capitalisation, pushing the telecom major out of the top-10 list following a sharp fall in its share price after it posted a sharp dip in first quarter profit.
Ankita Somani, telecom analyst at Angel Broking says, TCS' results are than the expectations. "I expect FY13 to be divergent in terms of the growth rates of the Tier-I IT pack. We expect TCS to grow by mid-double digits."
After the disappointing first quarter results from Infosys, Ankita Somani, Telecom Analyst at Angel Broking said there is bound to be further derating of the stock.
Once a star performer among the mid-tier IT companies, MphasiS has been a laggard this year, especially as a decline in revenue coming via its parent Hewlett Packard (HP) has hurt its earnings in the last few quarters.