IT Stocks Rally After TCS Q1 Results: Nifty IT Surges, ICICI Direct Shares Outlook

I.T. stocks surged after TCS kicked off the earnings season, lifting sentiment across the sector despite a challenging demand environment. Pankaj Pandey, Head of Research, ICICI Direct, believes the recent correction has made I.T. valuations attractive for long-term investors. While he expects earnings recovery to remain gradual, Pandey prefers Tier-2 I.T. companies such as Persistent, Coforge and LTIMindtree over larger peers due to their stronger growth prospects. He says investors should approach the sector with a two-to-three-year investment horizon rather than expecting a quick rebound. Watch the full discussion for expert insights on the IT sector and top stock picks.