L&T is well-placed to benefit in the long run with strong tender prospects, significant traction in hydrocarbons, renewable energy orders from international markets like Saudi Arabia, said rabhudas Lilladher.
Four out of the five top IT companies including TCS, Infosys, Wipro and Tech Mahindra lost employees both sequentially in Q4 and full year FY24. HCLTech bucked the trend.
With Accenture reporting $1.1 billion in revenue from generative AI and TCS seeing a $900-million deal pipeline, Infosys and Wipro settled for seeing strong traction in generative AI deals in Q4.
Stocks in focus today: Market participants are keeping a close eye on the upcoming US CPI inflation data, and positive comments by the Federal Reserve Chairman have the potential to restore momentum in the market. Escorts Kubota, L&T, Sanofi India, Dr Reddy’s among stocks to watch on Thursday.