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These 2 midcap IT stocks could be next Infosys, TCS in 10-15 years: Edelweiss

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Sandip Agarwal, Research Analyst at Edelweiss is bullish on Mindtree and L&T Infotech in midcap IT space.

Sandip Agarwal, Research Analyst at Edelweiss is bullish on Mindtree and L&T Infotech in midcap IT space.
“I see Mindtree where HCL Technologies was in 2009 and L&T Infotech where Tata Consultancy Services (TCS) was in 2009. In next 10-15 years, you will see a similar market cap for both of them,” he added.
Among large cap IT stocks, he believes HCL Technologies will give the highest returns, followed by Infosys and then TCS. He expects IT companies to positively surprise for the next 10-12 quarters. “We are in a very big technological upcycle,” he said.
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