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videos | IST

Standout Brokerage Report: Nomura raises target price for Infosys, HCL Tech, Tech Mahindra

In Standout Brokerage Report, Nomura has raised targets for the large-cap IT names led by higher EPS and target multiples. Its top bets are Infosys, HCL Technologies, and Tech Mahindra.
The brokerage has raised the dollar revenue estimate by 1-5 percent and EBIT estimates by 40-150 basis points over FY21 and FY22. Therefore, the EPS estimates for tier-I IT companies go up by 1-16 percent.
Going forward, Nomura expects a 9-10 percent dollar revenue CAGR for companies like Infosys, HCL Technologies, and Tech Mahindra. For Wipro, it is expecting 6.5 percent US dollar revenue growth.
 
To watch other videos in this series, click the 'Standout Brokerage Report' tab below.