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business reporter destination it nagpur meet 2023 concluded at st. vincent pallotti college of engineering & technology (svpcet), nagpur recently where 140 delegates from it industry brainstormed over development of
Analysts expect a muted quarter for the IT industry but there is optimism in the sector in anticipation of the end of the rate-tightening cycle
Indian IT companies may see faster revenue growth starting from Q4FY24 due to a better overall economy and large deal wins, according to BNP Paribas. The firm believes Q3FY24 will be the last quarter of weakness before growth picks up.
TCS has a neutral rating, but UBS raised the target price to Rs 4,050 from Rs 3,700 earlier. HCL Technologies has a neutral rating, but the target price was raised to Rs 1,540 from Rs 1,350 earlier.
Stocks to watch: Shares of firms like Adani Ports, NTPC, Bajaj Finance, LIC, Power Grid, Wipro, and others will be in focus on Thursday's trade.