IT sector stabilising; Motilal Oswal sees 16–33% upside in HCL Tech, Coforge

November 5, 2025

India’s IT services sector showed stabilisation in Q2, with improved execution, resilient margins, and supportive currency effects. AI adoption is shifting from trials to implementation, opening medium-term opportunities. Stocks like HCL Technologies and Coforge offer healthy growth visibility and valuation comfort.

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