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Accenture's growth guidance for the February quarter is below the consensus estimate and also hints at continued cost optimisation in IT spending, which is likely to keep demand muted.
In November, 40 fund houses held these two bluechips in their various schemes, data sourced from Emkay shows
All 10 constituents of the Nifty IT index are currently trading in the green, with Persistent Systems leading the way with a remarkable rally of 2.3%.
"Rollover to December quarter and 2X increase in multiple factoring in lower macro uncertainty following rate cut path laid out by US Fed lead to 9-16% increase in FVs for IT stocks," Kotak said in a note
HCL Tech share price has gained nearly 11 per cent while Persistent Systems share price has gained over 9 per cent in December so far. Infosys share price has gained over 6 per cent in December so far.