Nirmal Bang is positive on the Indian IT sector and the overall stance is overweight. It has a buy rating on 4 out of the large 5 IT companies – TCS, Infosys, Wipro and HCL Tech and continue to maintain buy call on Tech Mahindra.
The brokerage firm upgraded the ratings for TCS and Wipro and the 2 now are 'buy' for Nirmal Bang versus an earlier accumulates.
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