Mphasis and Hexaware are our top midcap IT picks: Apurva Prasad, HDFC Securities

We are not really positive on a turnaround for WiproNSE 0.31 %. Within the tier-1 IT pack, we like TCS followed by HCL Tech among largecaps, says Apurva Prasad, AVP-Research, Institutional Equities, HDFC Securities. Excerpts from an interview with ETNOW.

After the outperformance post Q1, the gain YTD on Infy stands at about 19%. It is 13.5% on TCS. What would be your preferred pick and what is the kind of return potential you see in both these heavyweights?
Post the strong move by Infosys, the valuation discount has further narrowed between the two. If I have to position myself between the two, I would prefer TCS. It is less than the mean valuations gap that InfosysNSE 0.96 % has reached versus TCS and one of the prime concerns in case of Infosys continues.