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IT Q3 Preview - Setting Stage For Revival; TCS, Tech Mahindra, Sonata Software - DRChoksey's Top Stock Picks
Improved visibility on tech investments, the ramp-up of previously secured mega deals, and an expanding GenAI-led project pipeline are expected to fuel growth, adds the brokerage.
08 Jan 2025, 09:54 AM IST 
One of the primary concerns heading into Q3 FY25E is the absence of mega-deal closures, a segment where Indian IT companies have faced increasing competition from global peers.
(Source: Unsplash)
Among tier-1 companies, DRChoksey expects sequential revenue growth of 0.7%/ 0.5%/ 4.6%/ 0.2%/ 1.0% from TCS/ Infosys/ HCLTech/ Tech Mahindra/ Wipro and among tier-2 companies, we expect strong revenue growth (QoQ) of 1.9%/ 4.5%/ 5.5% from Persistent Systems/ Tata Elxsi/ Happiest Minds.
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