Solana

Read

<div class="code-block-grte code-block-grte-8" style="margin: 8px auto 8px 0; text-align: left; display: block; clear: both;"> 
 <table style="width: 100%; border-collapse:"> 
  <tbody> 
   <tr> 
    <td style="width: 100%; text-align: left;"><a href="https://en.coinotag.com/altcoin-exchange-1333421/" target="_blank" rel="noopener"><strong><span style="color: #000000;">Before you reading,<br><span style="color: #e67e22;">Don't miss coins like PEPE again! Click here to find new PEPEs!</span></span></strong></a></td> 
   </tr> 
  </tbody> 
 </table>
</div> 
<ul> 
 <li>Indian IT services companies report subdued earnings for Q4 FY24, with analysts pushing recovery hopes to FY2026.</li> 
 <li>Recent corrections in IT stocks have made valuations more attractive, particularly for mid-tier IT stocks.</li> 
 <li>Q4 growth primarily driven by large and mega deals, but revenue growth guidance for FY2025 missed expectations across the board.</li> 
</ul> 
<p><strong>Indian IT services companies face a challenging outlook, with subdued Q4 FY24 earnings and recovery hopes pushed to FY2026. However, recent stock corrections present potential opportunities in mid-tier IT stocks.</strong></p> 
<h2 id="strong-subdued-earnings-and-delayed-recovery-strong"><strong>Subdued Earnings and Delayed Recovery</strong></h2> 
<p>Indian IT services companies reported subdued earnings for the fourth quarter of FY24, with muted revenue growth. Analysts have extended the outlook for weak demand and macro uncertainty, pushing recovery hopes back to FY2026. However, recent corrections in the IT stocks have made valuations more palatable, and further correction could make some mid-tier IT stocks more interesting, according to analysts at Kotak Institutional Equities.</p> 
<h3 id="strong-q4-growth-and-fy2025-revenue-guidance-strong"><strong>Q4 Growth and FY2025 Revenue Guidance</strong></h3> 
<p>The growth in the IT sector during the quarter ended March 2024 was primarily driven by the ramp-up of large and mega deals and furlough reversals, as the discretionary spending environment remained muted. However, revenue growth guidance for FY2025 missed expectations for all companies. This modest guidance was driven by a weak discretionary spending environment, with companies not expecting improvement in FY2025. There was also a continuation of ramp-downs in existing engagements, albeit at a slower pa... <a href="https://en.coinotag.com/kotak-forecasts-fy26-recovery-it-stocks-gain-attraction-amid-market-correction/">Read the full article for FREE at COINOTAG!</a></p>

Kotak Forecasts FY26 Recovery: IT Stocks Gain Attraction Amid Market Correction

Table of Contents

CO NEWS

Autres articles publiés le 6 mai 2024

Solana (SOL) Solidifies Top 5 CoinMarketcap Position With 14% Gains, Will This Social-Fi Token Be...

What’s making Bitcoin traders excited today? All about BTC’s $64K rebound

Bitcoin Price Prediction: The Bitcoin Network Passes 1 Billion Transactions As Investors Turn To ...

Why MakerDAO Has Sold $31.20 Million in MKR in Two Months

Ethereum Whales Adjust Trading Strategies

DOGE Sideways Breakout For Traders Is A Way For $0.2

Join our free newsletter for daily crypto updates!