Infosys, Tech Mahindra and Coforge top IT picks for Nomura; Wipro gets second ratings upgrade after CLSA

In a recent report, Nomura has turned bullish on the Indian IT sector. It expects revenue growth to stabilise and believes that EPS downgrade cycle is set to end. The firm has identified Infosys and Coforge as its top picks.

Wipro, Infosys and HCL Tech see ratings upgrade

It has upgraded its ratings to Buy for Wipro (from Reduce), Infosys (from Neutral), and HCL Technologies (from Neutral). TCS has been upgraded to Neutral (from Reduce). Among large caps, Infosys, Wipro, and Tech Mahindra are the top picks and Coforge and Birlasoft are favoured among midcaps.