Infosys, TCS, Mindtree: Strategies for IT stocks ahead of Q4FY21 numbers

If the Nifty IT index manages to sustain above 27,200 levels, the upside bias may see a rally towards 27,800-mark in the upcoming sessions

Information Technology (IT) counters reversed early morning gains and traded in the red on Monday as the sector looked set to report the March quarter results. Sector giant Tata Consultancy Services (TCS) will kick-off the Q4FY21 results today while Infosys, Wipro, and Mindtree will follow suit later this week.

Analysts expect the Tata Group crown jewel Tata Consultancy Services (TCS) to maintain its leadership position in the space in terms of revenue growth and margin expansion aided by certain large deals such as Postbank and Prudential Financial, ramp-up in multiple $50-100 million deals won in the preceding quarter, and strong demand