Infosys, Tech Mahindra among 6 IT stocks that could surprise positively in Q1 results: JM Financial

Stating that Tech Mahindra remains a ‘buy’ on turnaround hopes while KPIT Technologies and Tata Technologies are structural bets on auto ER&D theme, domestic brokerage firm JM Financial believes that Q1 results for the IT sector could positively surprise the street.

Quoting Infosys and Wipro, the report stated that a still-patchy outlook informs the preference towards stocks where expectations are better aligned while the margin performance is expected to vary across players, with large-caps showing better resilience.