Infosys remains top pick in Indian IT space: Religare
According to Religare, Infosys has remained top pick in Indian IT space. IT stocks have outperformed the broader index by 15% in Q2 led by INR depreciation, and we think revenue-led earnings beat is essential for continued outperformance. However, a profit warning from HCLT is a negative surprise and should cap near-term upside, says the report.