With near term softness across the board Tech Mahindra, LTIMindtree Coforge, L&T Technology Services (ER&D) to be in better place than others in terms of revenue growth.
Q4 FY25 expected to be more sluggish than Q3 FY25 for large cap IT companies like Infosys, HCLTech, Wipro.
The brokerage expects margin improvement in TCS and LTIMindree in Q4 FY25.
For mid-cap IT companies, expect flattish to positive trend across services, engineering research and development, and software.