Goldman Sachs puts buy ratings on TCS, LTIMindtree, Infosys
The brokerage has rated a ‘sell’ on Tech Mahindra and Wipro, while a ‘neutral’ on HCL Technologies. Goldman said while India’s IT sector is trading at premium valuations compared to its last 10-year average and almost in line with the five-year average, higher valuations are warranted as growth in technology spending will continue
