The recent developments hint towards the Indian IT sector phasing out remote work and bringing employees back to offices. This comes at a time when major IT players are trying to reduce inefficiencies
TCS, Infosys, Wipro: Nuvama said Cognizant’s results were similar to large India IT Services companies where deal wins continued to be very strong while revenue growth remained soft.
The Indian IT sector is facing headwinds due to the broader macroeconomic conditions and cutbacks on discretionary spends. Amid this another prominent trend is multiple senior level executives exits
Although experts are cautious in their predictions for the future owing to deceleration in the IT sector owing to global uncertainties, you may consider Cyient, PSYS for your portfolio.
Infosys share price: The stock was last seen trading 0.69 per cent lower at Rs 1,367.80 today. At this price, the scrip was up 12.54 per cent from its one-year low of Rs 1,215.45, a level seen on April 25 this year.