He adds that for Infosys (NASDAQ:INFY), he is expecting revenues to grow by 8.8 per cent and that its profit at reported levels should be around 7.1 per cent. In the case of Wipro (NYSE:WIT), he expects their IT and ITES revenues to grow healthily, close to 7 per cent and for TCS, he is expecting the topline to grow by around 8.5 per cent.
Ravi added, "If you look at tier one, I [feel] quite positive on all the stocks whether it is Infosys, TCS or Wipro."
On HCL and Satyam (SAY), Ravi has an "out-perform rating" and on Patni (NYSE:PTI-OLD), he has a "buy" rating. But he also thinks the tax shots will keep the investors at bay at this point in time (source: Rediff).
Indian IT 1-yr comparison chart: