JM Financial analysts foresee challenges for IT services sector in Q4FY24

Furloughs and budget constraints expected to affect Q4 performance negatively.

Source: Pexels

Soft demand trends and tightening IT budgets could impact sector performance.

Source: Pexels

Large-cap IT players may see modest revenue growth, led by TCS.

Source: Pexels

Marginal margin expansion predicted for top-tier players; mid-caps may fare better.

Source: Pexels