Tag: EMKAY
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Currency Depreciation Favours IT Firms as Earnings Season Approaches
IT companies are poised to overcome seasonal challenges, benefiting from currency depreciation. HCLTech is expected to lead revenue growth, while TCS and Wipro might experience declines. Analysts emphasize the significance of upcoming earnings reports, discretionary spending trends, and technological advancements, particularly in Generative AI, for the sector’s recovery. Amid challenges typical of the December quarter,…