Can TCS defy past trend to beat Infosys' revenue growth in Q3?
Global brokerage Nomura prefers largecaps over midcaps in the IT pack in the current environment, as it believes earnings risks are material in midcaps in a slowing demand outlook. In largecaps, its top buy idea is Infosys while it has a reduce call on TCS. Emkay Global, on the other hand, has a buy call on Infosys and Hold on TCS. ICICIDirect lists Infosys as its top pick from the sector.
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