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Prefer TCS in largecap IT space, says Hemant Thukral, Head, Derivatives Research, SBI Capital Securities.

Thukral told CNBC-TV18, "If you see the way the rollovers and cost is planning up, I think among the largecaps, TCS is suggesting the best rollovers, which it has shown month-on-month. I don抰 see TCS underperforming this sector at all. So I still have a feeling that TCS will lead."

He further added, "Among the midcaps, I think this time Tech Mahindra should be kept in focus, the way the rollovers have happened and the way the cost is increased. I think that can be a surprise in this basket because that has suggested already double the rollovers, which has been seeing in last six months. So among the midcaps, I would be focusing on Tech Mahindra right now."