Goldman Sachs: Goldman Sachs puts buy ratings on TCS, LTIMindtree, Infosys
The brokerage has rated a ‘sell on Tech Mahindra and Wipro, while a ‘neutral on HCL Technologies. Goldman said while Indias IT sector is trading at premium valuations compared to its last 10-year average and almost in line with the five-year average, higher valuations are warranted as growth in technology spending will continue
Source: indiatimes.com