Economy
Brokerage Picks TCS, Tech Mahindra, Coforge, and Mphasis Following Accenture Q4 Results
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THE BRIEF
1
Brokerage firm Choice Broking identified Indian IT stocks as potential investment ideas ahead of Q2 earnings following Accenture's strong Q4 results.
2
The brokerage favored TCS and Tech Mahindra among Tier-1 IT companies, while recommending Coforge and Mphasis as top mid-cap picks.
3
Accenture reported fourth-quarter revenue of $18.7 billion, marking a 6 percent year-on-year increase in US dollar terms and surpassing market estimates.