Brokerage bullish on Indian IT companies after Accentures strong results

Accenture IT stocks: The results of the second quarter ended February in American IT company Accenture have been excellent. The company has now increased its revenue guidance to 24-26 percent. With the increase in guidance, it is seen becoming indicators for all companies. Since, most of the business of Indian IT companies is in Europe and US market. The performance of IT companies in the US matters. The result of the Exchanger (Accenture) appears to be a lead indicator. In such a situation, the brokerage firm has issued its rating on Indian IT companies. Brokerage's investment advice is maintained in Infosys, TCS, Wipro, HCL.