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Tata, Wipro , and Infosys should maintain their industry positioning as the industry evolves, says Morningstar's Andrew Lange.
Technological adaptation and moderating revenue growth will characterize the next stage for Indian IT services firms.
Five offerings deemed to be right for right now.
Narrow-moat firms as a whole have underperformed during the past year, leaving a few stocks trading at discount prices.
Though pockets of weakness have emerged, we expect well-positioned tech and telecom firms will continue to prosper.
As March set in, early optimism started to taper off, as concerns about China and Europe preponderated.