NDTV Profit

Bank of America Merrill Lynch upgrades Tech Mahindra to 'Buy'

EMAIL
COMMENTS

 

Bank of America Merrill Lynch has upgraded Infosys and Tech Mahindra to 'buy' from 'neutral' citing improved revenue confidence and hopes of better earnings.

The investment bank says anecdotal evidence indicates deal closures are picking up and softness in the banking vertical is bottoming.

Infosys rose 1.7 percent, while Tech Mahindra gained 1.8 percent.

Copyright @ Thomson Reuters 2012



ALSO READ RBL Bank Soars 36% On Debut, Market Cap Crosses Rs 11,000 Crore

Advertisement

Advertisement

GAINERS / LOSERS

Advertisement