Economic TimesLean R·
Stocks to buy: JM Financial expects soft Q2 season for IT majors; check target prices for Infosys, TCS, others
JM Financial predicts a lackluster Q2 earnings season for leading IT companies. Despite obstacles, firms like TCS and Infosys exhibit target prices suggesting room for growth. The brokerage foresees ongoing competitive challenges and macroeconomic instability. However, with wage hikes coming to an end for certain companies, margins are expected to improve. Investors should remain vigilant, analyzing specific earnings and future guidance during this critical time.
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