I would think that the downsides could be limited for many of these companies given the fact that they are zero debt, most of them, and cash flow generating companies with a decent dividend yield, but the upside also is limited given the lack of visibility.
Large deal momentum, improving profitability keep Coforge stock buoyant
Coforge shares rose 13% since May 5, outperforming the BSE IT index, driven by strong revenue growth, record deal wins, and margin expansion in Q4