valuation: Is there merit in buying largecap IT now? Here's what Mayuresh Joshi has to say
"For the largecap ITs, maybe one or two quarters of more softness can probably be expected. Generally, the third quarter is expected to be a weak quarter with a lot of furloughs expected and client discretionary patterns expected in the fourth quarter as well. But they should bounce back very smartly and fill in the valuation gap that the midcap IT companies versus largecaps probably have."
Source: indiatimes.com