46: Infosys vs TCS: What’s the top bet in IT sector?

In September quarter, IT companies saw demand normalize as their deal pipelines largely returned to pre-covid levels. Led by strong Q2 execution, Infosys raised constant currency revenue growth guidance to 2 -3% for FY21. TCS surprised the street with stellar set of Q2 results. Not only that there are buybacks and new hirings by top IT companies. The top IT firms delivered a strong set of Q2 not hinting that the IT sector is probably at the beginning of the a tech upcycle. Despite near-term uncertainties due to the US elections and a potential second wave of infection, analysts like the IT stocks. So, to understand implication of the Q2 results, Mint's Nasrin Sultana speaks to Rusmik Oza, Head of Fundamental Research, Kotak Securities.