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While the valuation is on the higher side of the historical range, the stock should do reasonably well, considering the earnings visibility and orders in hand
Strong product lineup and an expanding market share will drive growth
The company is benefiting from higher power demand and elevated price
According to analysts, early signs show that the weakness has bottomed out. In fact, one of them said IT services business will see a possible rebound soon, irrespective of whether the US cuts interest rates or not.
Comparatively, these four companies had reported a decline in workforce by 21,213 in the second quarter