TCS, Infosys Wipro: Nirmal Bang said valuations for most IT stocks are expensive in relation to their 5-year or 10-year histories and it sees no material upside to FY25/FY26 earnings for its coverage in the next 12 months.
Infosys stock price outlook: Nuvama said Infosys’s growth my pick up as discretionary spends revive in H2FY25 – till then the stock may remain sideways and underperform peers such as TCS.
Jio Financial Services, Wipro, Hindustan Zinc, HDFC Asset Management Company and more will announce their results for the March 2024 quarter later today.
TCS deal wins will be a key monitorable. While the IT services comes has not reported any mega deals in the Jan-March quarter, it did bag a bunch of multi-year, multi-million dollar deals.