Sandeep Muthangi is bullish on IT sector given the huge demand environment and prefers Tech Mahindra and HCL Technologies over Infosys given their cheaper valuations and a fairly consistent performance.
According to Sandeep Muthangi of IIFL Institutional, one may prefer Tech Mahindra and HCL Technologies from the IT space.
Sandeep Muthangi, VP Research at IIFL Institutional Equities prefers prefer HCL Technologies and Wipro.
Sandeep Muthangi, VP Research at IIFL Institutional Equities is cautious on TCS.
According to Sandeep Muthangi, VP Research at IIFL Institutional Equities, Tech Mahindra and Persistent Systems are the top picks in the IT space.
The debate on IT giant Infosys‘ results has multiple angles now, as it is likely to be a big trigger for all IT stocks. The company is going to announce its fourth quarter numbers on Friday. Sandeep Muthangi, Vice President - Research, IIFL Institutional Equities expects the company to give guidance of 12 percent odd growth for the next year.
Sandeep Muthangi, Vice President - Research, IIFL Institutional Equities advises to prefer Wipro and HCL Tech over Infosys.
In an interview with CNBC-TV18, Sandeep Muthangi of IIFL Institutional Equities spoke about his reading and outlook for Infosys, which will announce its third quarter numbers on Friday.
Due to the weak global demand environment and adverse cross-currency movements, Sandeep Muthangi of IIFL Institutional Equities says IT major Infosys may cut its dollar revenue guidance for the year.
Growth concerns are what are keeping Indian investors in check as they try and deal with a faltering economy and hold-ups on issues like FDI.
IT big boy Infosys will kick off earnings season on Tuesday and adding to the gravitas of these important numbers is the fact that this will be the first earnings season after a slew of changes across the company’s top management.
Sandeep Muthangi, assistant vice president of IIFL says he sees a revenue growth of sub 4% in the IT space which is sure to disappoint the street.
Sandeep Muthangi of IIFL Capital - Institutional Equities, in an interview on CNBC-TV18 gives his view on the one space and stock that everyone has their eye on this Friday – IT and Infosys.
Finally, a smart pullback rally for the markets. The Nifty rebounded from an intraday low of 5,720 to close above 5850. The Sensex too was not left behind - rallying over 337 points. The market is reasonably poised to ride the momentum if Infosys does not disappoint the street tomorrow.
Infosys Technologies will announce its third quarter results tomorrow. In an interview with CNBC-TV18, Sandeep Muthangi, IIFL Institutional Equities, speaks about his expectations from the IT bellwether.