TCS, Infosys, Wipro, LTIMindtree, HCLTech & More — Buy, Sell Or Hold? Q3 Expectations, Ratings Inside

Seasonal factors such as furloughs, combined with the prevailing macro headwinds, are likely to keep sequential revenue growth muted for most IT players in Q3 FY26, despite resilience in core segments, says Yes Securities..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Yes Securities Report.Yes Securities expects the overall demand environment for IT services to remain broadly stable, though macroeconomic uncertainty continues to weigh on enterprise decision-making. Discretionary spending remains limited across most verticals, with only selective pockets of demand visible within BFSI. Seasonal factors such as furloughs, combined with the prevailing macro headwinds, are likely to keep sequential revenue growth muted for most players in Q3FY26, despite resilience in core segments..Cost takeouts still in flavor; FX supporting weak growthDeal activity in the IT services sector continues to be driven by cost-takeout mandates, productivity-led transformation, and vendor consolidation, as clients focus on efficiency amid a muted demand backdrop. A weaker rupee is expected to partially offset subdued constant-currency growth and slightly negative cross-currency movements, providing support to reported margins and offering some relief to earnings..BFSI leads the growth although seasonal furloughs weigh inAt a sectoral level, BFSI remains the most resilient vertical, delivering consistent performance across major IT players, supported by steady run-rate demand. Hi-Tech continues to maintain positive momentum, while manufacturing remains under pressure, primarily due to persistent weakness in the auto segment, though non-auto sub-segments show relatively better stability.The retail vertical exhibits mixed trends, with HCLTech Ltd. and Tech Mahindra Ltd. witnessing early signs of recovery and ramp-ups, while other players continue to face uneven demand patterns..Click on the attachment to read the full report:.HDFC AMC, CreditAccess Lead NBFC Surge In Q3 With DRChoksey’s Top Bets — Check Target Price, Potential Upside.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

TCS, Infosys, Wipro, LTIMindtree, HCLTech & More — Buy, Sell Or Hold? Q3 Expectations, Ratings Inside

Yes Securities Q3 targets for TCS, Infosys, Wipro, LTIMindtree, HCLTech—Should you Buy or Sell?

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