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Demand in IT higher than the forecast; Infosys, Tech Mahindra top picks, says Sandip Agarwal of Edelweiss

Updated : February 11, 2019 12:38 PM IST

Demand in information technology is much higher than what was forecast earlier, said Sandip Agarwal of Edelweiss, adding that his top picks were Infosys and Tech Mahindra due to high margin levels.

“Right now the demand is much higher than what has been forecast and planned for. To fulfil that, people are hiring subcontractors,” he said.

“I would continue with my top pick as Infosys and Tech Mahindra because I think the margin levels are very high here ... TCS at Rs 1,800-1,900 level will be a very good 'buy' and I would recommend at that time but right now it is a little expensive so you have to undergo time correction,” said Agarwal.
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