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Bloomberg Quint

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Image Credit: Bloomberg Quint

Infosys, Persistent Systems, Mastek, Sonata — Top Stock Picks By HDFC Securities; IT Q1 Results Preview

  • HDFC Securities has identified Infosys, Persistent Systems, Mastek, and Sonata as top stock picks in the IT sector.
  • The IT sector is expected to see mixed revenue growth in Q1, with tier-1 companies showing muted CC revenue growth while mid-tier companies are expected to deliver strong growth.
  • There is a significant cross-currency tailwind expected in the quarter, leading to strong USD growth QoQ. Companies are likely to maintain their full-year FY26E guidance amidst global economic uncertainty.
  • The IT index has experienced a 10% decline year-to-date but has seen a ~3% increase in the last month.

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