Wipro: Nomura India said investors will play a close attention to the new CEO’s strategy, which may come in next 1-2 quarters. It feels that it is unlikely to be revealed during the upcoming March quarter results conference call on April 19.
Tata Consultancy Services (TCS) shares have rallied 10.20 per cent during this period. The second largest player Infosys has risen 4 per cent; HCL Technologies and Wipro, the next in line, have gained 8-11 per cent.
TCS, Infosys: The consensus 12-month forward earnings growth estimate for the two IT firms is currently at 11 per cent on expectations of large-deal led growth acceleration.