Investors who missed October’s sharp reversal in Indian IT stocks may still have selective opportunities, according to Jefferies, which sees further valuation upside in Infosys, TCS and Sagility despite a muted growth outlook for the sector.
The brokerage estimates that Sagility could deliver more than 50% rerating potential in a best-case scenario, while Infosys and TCS are the only large-cap IT companies offering more than 20% rerating potential.
