IT Q2 Results Preview - Gradual Demand Recovery To Continue: Nirmal Bang

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Nirmal Bang Report.We expect IT companies to show steady growth in the Q2 FY25 quarter, driven primarily by the recovery in the banking, financial services and insurance vertical and large deal ramp ups. Expect QoQ CC revenue growth of 2.7% - 0.3% for tier-I and 3.7% - 0.5% for tier-II. As noted in our latest IT thematic report, variance to this revenue growth will be a short term headwind which won’t tamper with the clients’ enthusiasm to spend towards IT in CY25. Rate cut in Sep’24 and conclusion of U.S. elections will bring more stability in Tech budgets for clients from CY25 onwards. Expect further improvement in the demand environment and enterprise spending towards IT post Q3 FY25. Our top picks would be TCS on the highest margin of stability with industry par revenue growth and leading margins; HCLTech on its favorable ER&D and P&P business, LTIMindtree on its strong BFSI portfolio and synergy benefits in good demand environment and Coforge on excellent execution even in a bad environment..Click on the attachment to read the full report:.Oil, Gas Q2 Results Preview - Mixed Quarter Anticipated: PL Capital.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

IT Q2 Results Preview - Gradual Demand Recovery To Continue: Nirmal Bang

The brokerage bets on TCS, HCLTech, LTIMindtree and Coforge as its top picks.

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IT Q2 Results Preview - Gradual Demand Recovery To Continue: Nirmal Bang

The brokerage bets on TCS, HCLTech, LTIMindtree and Coforge as its top picks.

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