“While the revenue was lower than our expectations, the margin improvement and deal wins remained robust, driven by better utilisation of resources,” said Sumit Pokharna, IT analyst at Kotak Securities. “In the near term, the stock is likely to move up as the numbers are good.”
Market Trading Guide: Tata Steel and Uno Minda are stock recommendations for Monday
Indian benchmark indices ended in the red on Thursday dragged by auto, IT and metal bank stocks. While Nifty closed at 22,397.20, down by 73.30