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Motilal Oswal Report
Q2 FY21 Information Technology results reinforce our overweight stance on the sector. We have been raising IT weights in the model portfolio since Q4 FY20, with the latest revision in July 2020.
Q2 FY21 has seen sustained earnings momentum in IT, resulting in a healthy earnings upgrade for the second consecutive quarter.
Management commentaries remained upbeat across the board. Lastly, a fresh round of dividends and buybacks provides a strong cushion for sustained re-rating, in our view.
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