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    IT stocks still have steam left, says Kotak Institutional; check out its picks

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    IT stocks still have steam left, says Kotak Institutional; check out its picks

    The second quarter earnings season will lick off this with week, beginning with Tata Consultancy Services.  In an interview with CNBC-TV18, Kawaljeet Saluja, ED & Head of Research at Kotak Institutional Equities spoke at length about key expectations from IT companies, in general.
    Saluja said he and his team recently raised fair valuation multiples for IT companies, adding that the stocks still had room for further gains.
    Infosys is Kotak's top pick, Saluja said, adding that he was bullish on Tech Mahindra because the company's margins are set to return to normal. Among midcap IT stocks, Saluja feels Larsen & Toubro Infotech clearly stands out.
    Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
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