Economy
HDFC Securities Lists Indian IT Stocks to Buy Ahead of Q2 Earnings
Livemint2h
THE BRIEF
1
HDFC Securities has retained a positive outlook on Indian IT stocks ahead of the second-quarter earnings season for FY27.
2
The brokerage expects weak sequential revenue growth for large IT firms ranging from a 0.4 percent decline to 2 percent growth due to delayed client decisions.
3
Despite near-term growth challenges, analysts note that stock valuations have dropped near historical lows and free cash flow yields remain attractive.