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IT Services Q4 Results Review — Midcap Outshines As Macros Tighten Grip On Large Caps: IDBI Capital
IDBI Capital recommends 'Buy' call for TCS, HCLTech, LTIMindtree, Birlasoft Newgen, Sonata Software and 'Hold' call for Infosys, Wipro, Cyient - here's why
22 May 2025, 06:59 AM IST 
IDBI Capital recommends 'Buy' call for TCS, HCLTech, LTIMindtree, Birlasoft Newgen, Sonata Software and 'Hold' call for Infosys, Wipro, Cyient. (Photo Source: freepik)
Revenue guidance of large cap remains below FY25 growth; majorly in the range of -3.5% to +3% and mid-cap companies re-iterate their double digit/strong growth in FY26 (Coforge, L&T Tech).Margin guidance remains stable across companies under the brokerage's coverage universe. Headwinds include cost takeout deals, clients prioritizing high ROI engagements, and passing AI benefits to clients and depreciation of USD/INR. Conversely, tai...
