Coverage

Variant View covers 10 Indian IT companies across two tiers. 

Large-cap

TCS, Infosys, HCL Technologies, Wipro, Tech Mahindra, LTIMindtree

Mid-cap

Persistent Systems, Coforge, Mphasis, Oracle Financial Services (OFSS)

Large-caps are where variant views are scarce but valuable. Mid-caps are where sell-side coverage is thinnest and where most of this publication's work lives.

Every thesis follows the same four part structure:

1. The Street's view
2. The Variant view
3. The evidence 
4.The risks