AI relief fails to lift legacy IT stocks as earnings worries weigh

The Indian IT sector has seen a rollercoaster of activity, where mid-sized companies have outperformed their larger peers recently. Increased deal bookings are promising, yet slow revenue growth due to client indecision lingers. The emergence of AI technology brings both new possibilities and pricing pressures for classic services. To sustain their margins in this shifting landscape, companies are honing their operational efficiency.

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