HSBC on IT Services

Accelerated M&A by IT companies may prove to be an incremental risk rather than an offset to AI impact AI deflation may continue to eat away bulk of incremental tech spend rendering anaemic growth for another 6-8 quarters Though expect sector valuations to bottom out at 13-14x PE, as a growth pick-up from FY29 remains a plausible scenario

VINSYS IT SERVICES IND LT

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