“Given a lack of history and our understanding of seasonality, we forecast a 20% YoY growth in 2Q with slight QoQ margin improvement. We do note that ERP implementation in the base has boosted YoY growth in 1QFY24 and 1HFY24 revenue growth should still be c30%,” Jefferies analyst Vivek Maheshwari said.
Citi bullish on Indian equities, sees Nifty at 28,000 by end-2027
Citi Research projects that India’s benchmark Nifty 50 index could hit 28,000 points by the end of 2027. This forecast is based on strong earnings
November 9, 2026