EPS upgrade possible but revenue growth in IT will not see a massive surprise: Sandip Agarwal

Sandip Agarwal, Fund Manager at Sowilo Investment Managers, suggests not expecting more than 15-20% CAGR returns from the IT sector annually. While the sector has recovered from last year's underperformance, major upsides in large-cap IT stocks are unlikely unless valuations are very reasonable. Margin improvements could lead to positive surprises.