JM Financial expects India’s top information technology companies to report a subdued second quarter, with weak discretionary spending, persistent pricing pressure and a cautious global macro backdrop weighing on near-term growth. Even so, the brokerage sees room for selective upside in large-cap names such as TCS and Infosys, arguing that easing wage inflation and improving margins could support earnings resilience.
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"JM Financial Sees Soft Q2 for IT Majors, Flags Margin Relief and Select Upside in TCS, Infosys"
JM Financial expects India’s top information technology companies to report a subdued second quarter, with weak discretionary spending, persistent pricing pressure and a cautious global macro backdrop weighing on near-term growth. Even so, the brokerage sees room for selective upside in large-cap names such as TCS and Infosys, arguing that easing wage inflation and improving margins could support earnings resilience.
JM Financial Sees Soft Q2 for IT Majors, Flags Margin Relief and Select Upside in TCS, Infosys
R
RDU Global Wire
Macro Economy & Fiscal Policy Desk
New Delhi, India Just now (09:38 AM IST)•6 min read
JM Financial expects India’s top information technology companies to report a subdued second quarter, with weak discretionary spending, persistent pricing pressure and a cautious global macro backdrop weighing on near-term growth. Even so, the brokerage sees room for selective upside in large-cap names such as TCS and Infosys, arguing that easing wage inflation and improving margins could support earnings resilience.
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