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No Major Impact Of New Govt IT Contract: Harit Shah

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September 13: Nirmal Bang Institutional Equities' Harit Shah says, “TCS is a consistent outperformer, but high valuations keep me cautious. I will wait for a correction before I enter the stock.” The rupee fall favours IT companies’ EBITDA, but will be offset as companies are hedged at a much lower rupee rate, he says. Referring to the government’s new contract, he says the size is too small to make a significant difference.