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IT Sector Q4 Results Preview: Cautious Exit To FY25; Mid-Tier Outpaces Large Peers, Says Nirmal Bang
Nirmal Bang's top picks in the sector now are TCS, Infosys and HCL Tech from Tier-I and Coforge from Tier-II.
08 Apr 2025, 10:28 AM IST 
Persistent and Coforge will lead the pack with double digit growth and hence commands valuation premium, says Nirmal Bang
( Photo source: pxhere.com)
~26% correction in the IT index on YTD basis (CY25) captures the concerns of US economy slowdown. Near-term headwinds (delayed decision making, trade war, and slower Fed rate cut cycle) are staying for a while now. Valuations for Tier-Is retraced now to 10yr mean factoring in ~3-8% USD revenue growth in FY26; among Tier-IIs Persistent and Coforge will lead the pack with double digit growth and hence commands valuation premium. To fac...
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