This is the time to accumulate IT, valuations are in our favour: Varun Saboo

Midcap IT companies are doing well in comparison to their largecap counterparts, which were affected by Infosys’ weak performance. They have reported positive outcome, shown by the strong total contract value (TCV) and guidance. Hence, it is an opportune time for investors to accumulate them as valuations are currently attractive, trading below 20 times earnings.

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