HCL Tech will continue to be on top in terms of numbers: Sonam Udasi

In a chat with ET Now, Sonam Udasi, Head of Research, IDBI Capital, shares his views on HCL Tech.

ET Now: What is the call on HCL Tech?

Sonam Udasi: We ourselves have reduced the rating yesterday post the numbers simply because of the sharp run up that it has seen. See that said in terms of numbers, it will continue to be one the top guy in the large four-five companies.

We know that Infy is slowing, there is no change in the sentiment there sort to speak, Wipro is having its own problems. The only two big ones are TCS and HCL Tech that are determining the mood.

So HCL Tech will be preferred in these times among the large players but I do not think it will outperform really from here because much has been built into the estimates and assumptions.

There are other smaller midcaps names that may do well because of the margin, in fact even Infotech numbers were okay on the margin side but in terms of revenue, they disappointed.

So the overall IT pack per se, people will start to look at it and the preference will be for large caps within which HCL Tech and TCS will benefit.