“The temptation in a fast-growing market is to chase AUM at any cost. We’re consciously avoiding that trap," said Equirus' Ajay Garg.
Given the nature of the cycle, we believe the underperformers will catch up over the coming quarters as the economy starts gaining traction and vaccination picks pace, says Mehta.
Nilesh Shah, MD and CEO of Envision Capital, dubbed the performance as "industry leading, peer beating", something that has happened after a long time.
Despite Tata Consultancy Services (TCS) posting better-than-expected result for Q3, Bhavin Shah, Equirus Securities continues to believe that IT sector is going to see slow growth going forward.