Positive on largecap IT space; like Infosys, HCL Tech: HDFC Securities

HDFC Securities is constructive on the entire largecap IT space, said Apurva Prasad, research analyst–IT at the financial services intermediary, on Thursday.

“We are constructive on the entire largecap space. There is a lot of market share gains that Infosys has seen, the large deal trajectory, but at the same time, there is a lot of opportunity for a player like HCL Technologies. Therefore, we do like HCL Tech at the same time as Infosys,” Prasad told CNBC-TV18.

“I think some of the efficiency gains that the sector has seen in the past few quarters is going to hold out for much longer. So there are a lot of structural positives that have played out. Therefore, since last year May, we have been quite positive on this space and there is no reason for us to change the stance. We remain optimistic,” said Prasad.