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Infosys, Persistent Systems, Mastek, Sonata — Top Stock Picks By HDFC Securities; IT Q1 Results Preview
IT Q1 Results Preview: The valuations for tier-1 IT companies appear reasonable, while mid-tier valuations continue to be elevated, adds HDFC Securities
04 Jul 2025, 08:43 AM IST 
The IT index is down 10% year-to-date but up ~3% in the last month.
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The IT sector is expected to post mixed revenue growth in Q1, with tier-1 reporting muted CC revenue growth while mid-tier is expected to deliver strong growth. There is a huge cross-currency tailwind in the quarter which will result in strong USD growth QoQ. The companies will maintain their full-year FY26E guidance amid the ongoing global economic uncertainty.
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