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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.
Offshore IT services firms enjoyed explosive growth the past decade. Now, though, these vendors must adjust as clients demand new services.
Narrow-moat firms as a whole have underperformed during the past year, leaving a few stocks trading at discount prices.
Five offerings deemed to be right for right now.
As March set in, early optimism started to taper off, as concerns about China and Europe preponderated.