LIVE stock market updates: Sensex, smart dive, most sectors in red; Infy, TCS, other IT stocks buck trend


Positive IT trend continues: Gurmeet Chadha

Gurmeet Chadha, co-founder and CEO of Complete Circle Consultants, believes that from a fundamental perspective, most companies, large, medium or even small, are embarking on this technological upgrade. “It’s led and anchored by Cloud, and then there’s growth from other digital services, including data analytics, the Internet of Things, SaaS and other platforms. I think this trend is here to stay,” he said.

“If you look at the latest reports, the technology budget as a percentage of revenue has increased from three percent to five percent and more than five percent for few large companies. We interact with a lot of NCR-based promoters and that kind of technology. The expenses we see, is unprecedented. So this is a more long-term theme. I “, that the market is differentiating, it is not that the old tech stocks have risen. Even in Tier I stocks, there is a visible difference between Infosys and TCS … Even in the midcap segment, the market is differentiated,” he said. .

Chadha believes that FY22 should be aware of which company is leading growth in the industry, increase guidance on both revenue and margin fronts and handle supply-side constraints well.

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