Key Points
Ltd, says as far as the mid-tier IT companies are concerned, we remain fairly convinced about their growth programme and growth trajectory largely because they operate in a niche space and can hold dominance as far as I think their customer groups are concerned..
Any correction in the price I think that would be an opportunity to buy but otherwise wait for the commentary which comes out through this management...
However, one will need to be more mindful at this point of time in a situation wherein their ability to increase very rapidly these fees would probably come under pressure given the kind of local presence that most of the retail food chains would have in their local areas..
I believe that I think this is where the compulsion is coming for most of the businesses wherein sooner they will have to adapt to the newer platforms largely because of the fact that I think the business is demanding extremely high amount of data intelligence as I would call it as and that is where probably we are likely to see larger amount of order books flowing in to Indian IT companies and I am referring to some of the largecap companies; the Infosys, TCS kind of companies where there are some of the larger customers who are giving them orders for the longer period of time...
I would say that despite all the positives, if the valuations go up in a hurry, there may be a situation of some kind of a time correction if not price correction into the stocks at some point of time..
