The global investment bank is of the view that margin-led EPS downgrades are likely to continue for the IT sector in Q2. QoQ growth rates should be in line or better than Q1, said the note.
Largecaps showing no fundamental change despite market bounce: Nischal Maheshwari
Investors are closely watching sectors like banking, manufacturing, auto distribution, and aviation after a recent rate cut. Analysts see temporary margin pressure for banks and