ET Now: What is you view on TCS and HCL Tech?
Pankaj Pandey: TCS has been confident in terms of commentary over the next year. We would expect this company to maintain industry leading growth rate and also the multiples so which is why I would continue to prefer TCS.
On the HCL Tech front, if the core softener has degrown, we would not see multiples expanding and that is where the concern would be but from a revenue perspective of margin its perspective margins are better, revenues have been in line with the expectation. So I would still prefer TCS compared to HCL Tech.
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