Defying the storm! Two midcap IT stocks ready to soar amid macro turmoil

ICICI Direct has identified two IT stocks that it believes will weather the current macroeconomic headwinds and deliver industry-leading growth in FY24. Persistent Systems and Happiest Minds are both expected to benefit from the digital transformation of enterprises, with Persistent Systems crossing the $1 billion-revenue threshold in FY23 and Happiest Minds being given a target price of Rs 1,038 by the brokerage. Despite the broader macro concern that discretionary digital spend is getting postponed

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