TCS, Tech Mahindra, Coforge, Mphasis: IT stocks picks and investment ideas after Accenture results ahead of Q2 earnings
IT stock picks, Oct. 4 -- Brokerage firm Choice Broking has identified Indian IT stocks as potential investment picks for traders following Accenture's fourth-quarter results and ahead of the upcoming second-quarter earnings season.
In a recent note, the brokerage firm preferred Tata Consultancy Services (TCS) and Tech Mahindra among Tier-1 IT stocks, meanwhile, recommended Coforge and Mphasis as top investment ideas among mid-cap stocks.
"We, therefore, forecast FY27 to remain another subdued growth year for Indian IT, with AIled productivity pass-throughs, pricing pressure and continued softness in discretionary spending projected to constrain reported growth. Within Tier1, we prefer TCS, TECHM and, among mid-caps, we have COFORGE and...
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