Indian IT firms are seeing steady new deals and operating margins. However, revenue growth is slowing down quarter-on-quarter because projects are delayed. Artificial intelligence also poses a risk to future earnings. Companies like Infosys and HCLTech have given cautious growth forecasts for the upcoming financial year. IT stocks may face pressure in the short term.
GAIL India shares tumble 5% despite Q1 net profit doubling to Rs 4,665 crore. Buy, sell or hold?
GAIL India shares fell 5% despite the Maharatna PSU reporting a near doubling of Q1 FY27 consolidated net profit to Rs 4,665 crore. While JM