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ICICI Securities picks Infosys as top buy ahead of Q1FY24 earnings Recommends sell on Tech Mahindra

June quarter earnings of domestic IT companies are expected to be soft, but a revival is anticipated in the second half of FY24, according to ICICI Securities. The brokerage remains optimistic on the prospects of Infosys, Persistent Systems, and Tata Consultancy Services (TCS), recommending a buy and upgrading HCL Technologies to add . LTIMindtree, Happiest Minds, and Tech Mahindra have been downgraded. ICICI Securities expects a resilient tech spend demand over the medium-to-long term, with triggers for growth including healthy guidance from SaaS players and a stable or growing deal pipeline. Risks include potential negative impacts of Generative AI on pricing and margins.

Happiest Minds contributes a total of 6 million meals to the Akshaya Patra Foundation to bolster CSR initiatives

Happiest Minds Technologies Private Limited: Happiest Minds contributes a total of 6 million meals to the Akshaya Patra Foundation to bolster CSR initiatives

Happiest Minds Technologies Private Limited: Happiest Minds contributes a total of 6 million meals to the Akshaya Patra Foundation to bolster CSR initiatives
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