Should you subscribe to L&T IPO? Here's the bull versus bear case.
The deal is complementary in terms of clients and skill-set, said Manu Parpia, Founder & CEO, Geometric.
Vibhor Singhal, analyst at Phillipcapital has a positive view on Tata Consultancy Services and feels that one may accumulate the stock on dips.
Tech Mahindra missed street forecast on Tuesday with the fourth quarter consolidated profit falling 39.2 percent sequentially to Rs 472 crore, dented by lower margin and higher forex loss.
In an interview to CNBC-TV18, Vibhor Singhal, analyst, Phillip Capital shares his views on the IT sector and his preferred bets going ahead.
Vibhor Singhal of Phillip Capital says cross-currency impact is hitting most IT companies post the euro depreciating 10-15 percent. Mindtree and Persistent are, however, facing client clampdowns, he adds.
Vibhor Singhal, IT-analyst at Philip Capital does not think Infosys has turned the corner yet and says it is still far behind the industry growth.
Discussing the IT space, Ganesh Natarajan, Vice Chairman and CEO of Zensar Technologies, said the nature of demand is changing. Vibhor Singhal, Analyst at Phillip Capital, said TCS management‘s commentary remains only marginally negative.
Vibhor Singhal of PhillipCapital prefers Persistent Systems from the midcap IT space.
Vibhor Singhal of PhillipCapital is bearish on Infosys as compared to Tata Consultancy Services (TCS) and Tech Mahindra and it will underperform the larger peers over the period of next two years.
The Infosys stock fell 5 percent at yesterday's closing. Vibhor Singhal of Phillip Capital believes investors are reading too much into promoters selling their stake and yesterday's selling was an over-reaction.
Tech Mahindra has made the biggest overseas acquisition by entering into a definitive agreement to acquire 100 percent of US-based network solutions company Lightbridge Communications Corporation (LCC) for USD 240 million
In an interview to CNBC-TV18, Ravi Menon, AVP - IT, Centrum Broking, Vibhor Singhal, IT Analyst, Phillip Capital and Sarabjit Kaur Nangra, VP - Research Pharma, Angel Broking spoke about Wipro‘s financial performance in the quarter gone by and the road ahead.
Vibhor Singhal, analyst at Phillip Capital advises investors to buy TCS with a 12-month target price at Rs 2950 per share.