Indian IT Services: COVID-19 Revenue Impact Troughed, Recovery Already Priced In?
The key takeaways, from the recent reporting season, was that 1) the revenue impact from the COVID-19 pandemic was sharp, but less than expected,...
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Wipro: Net Cash Equal to 24% of Its Market Cap, Deep Value or a Value Trap?
Wipro is India’s 4th largest IT services company. It is a high-quality company, as is evidenced by its 5yr average ROIC of 19% (27% excluding...
372 Views
Indian IT Services: 4Q FY2020 Results Overview and Valuation Update
In this insight I give a brief an overview of the recent reporting period, evaluate the potential impact from COVID-19 on these high-quality...
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Tata Consultancy Services: Premium at Excessive Levels, Pricing in Overly Optimistic Relative Growth
Tata Consultancy Services (TCS) is India’s largest IT services company. This bellwether is an extremely high-quality company as is evidenced by its...
335 Views
HCL Technologies: Doubts over Organic Growth, Eroding Returns, Drives Undeserved Discount Rating
HCL Technologies (HCLT) is India’s 3rd largest IT services company. It is a high-quality company, as is evidenced by its 5yr average ROIC of 23%...
322 Views