The IT sector Q4 results are expected to have unexciting guidance amid rising global uncertainty, with revenue remaining muted.
HDFC Securities maintains its selective stance on the sector, favoring TCS within tier-1s and Persistent, LTIMindtree, and Mastek among mid-tier IT companies.
The IT index is down ~20% Year-to-Date, reflecting higher levels of uncertainty caused by the Trump reciprocal tariffs.
Growth dispersion between companies is expected to remain high even in FY26E.