Nirmal Bang On IT Sector: Medium Term Commentary Turning More Positive

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Nirmal Bang Report.Through this note we have raised estimates and target prices of our coverage universe yet again after doing it earlier in our Sept. 06, 2020 note (Rising monetary and digital tides lifting most boats).This follows widespread positive commentary across companies in September 2020 that near term demand is stronger than earlier anticipated on accelerated digital adoption.On top of this, we see some cross-currency tailwind, which would add 100-200 basis points to QoQ growth across most of our coverage universe in Q2 FY21.We have also finetuned our estimates for a few acquisitions that have been announced..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Nirmal Bang On IT Sector: Medium Term Commentary Turning More Positive

Nirmal Bang On IT Sector: Medium Term Commentary Turning More Positive

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