Stock Market: Stick to fixed income, keep some powder dry now: Rajat Sharma

Where do you see opportunity in new age tech or the digitisation theme? Also where are you sensing opportunity in large cap IT names?
One of my favourite stocks right now and for a few years has been Infosys. I was really happy with the results it has posted. I know the stock dipped about 3-4% yesterday because the revenues missed some expectations of the Street, but the operating level margin was 24.2% instead of 25%. These things happen.
I have said this before that if one big conglomerate has to come out from India at some point it has to be from IT and within IT, I really like Infosys because it is a very professionally managed company and unlike TCS, which has a legacy business, Infosys is trying a lot of new things. Their digital revenue is about 51% and the EPS has constantly improved from last year’s and has gone up 11% at revenue levels. So why should one look at midcap IT companies when Infosys being so large with so much cash is doing exactly what those companies are doing? Plus it has the money to acquire companies across Europe and the US and they are doing just that.

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