JM Financial Predicts Soft Q2 for IT Majors, Lists Targets
JM Financial expects a weak Q2 earnings season for major IT companies like TCS and Infosys. Despite challenges such as competitive pressures and macroeconomic instability, target prices indicate potential growth. The brokerage notes that wage hikes are ending for some firms, which could improve margins. Investors are advised to closely monitor earnings and future guidance during this period.
ET Markets·4h ago



