An uptick in large cost takeout deals that have been signed over recent quarters, coupled with no further deterioration of the macro environment, could well see the Indian IT services sector post an improvement in the first three months of 2024-25.
Despite growth on a sequential basis, ongoing cost cuts and a lid on discretionary spending mean the latest June quarter could rank among the weakest first quarters over the past decade. The June quarter is usually considered as a seasonally strong period for the IT sector.
"The brutal winter of discretionary spend cuts in the industry is likely over, but there is little evidence of a recovery in the flow business. Hence, we are on track for one of the weakest first quarters over at least 10 years. The situation, though slightly better, is eerily similar to what we witnessed in H1FY24," stated a results preview note from Motilal Oswal Research.
Bu hikaye Business Standard dergisinin July 03, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Business Standard dergisinin July 03, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Creative ads drive brand sales, equity: Kantar
Creative advertisements that break the clutter are more likely to uplift short term sales for a brand, while also contributing to driving brand equity, says a new report from Kantar.
![Champs' day out: From PM house to Mumbai streets](https://reseuro.magzter.com/100x125/articles/18959/1754932/a6rc4floaCOUZS7VvrAsys/CHAMPS-DAY-OUT-FROM-PM-HOUSE-TO-MUMBAI-STREETS.jpg)
Champs' day out: From PM house to Mumbai streets
An ocean of humanity greeted the victory parade of the T20 World Cup winning Indian team in South Mumbai's Marine Drive as thousands of passionate fans gathered to catch a glimpse of their favourite stars, bringing the traffic to a complete standstill.
!['Domestic flows will sustain, meaningfully' but not rise](https://reseuro.magzter.com/100x125/articles/18959/1754932/nkppoHCQ9fZEHtzCPL7sys/DOMESTIC-FLOWS-WILL-SUSTAIN-MEANINGFULLY-BUT-NOT-RISE.jpg)
'Domestic flows will sustain, meaningfully' but not rise
The Sensex hit a record intraday high of 80,000 on July 3. GAUTAM SINHA ROY, chief of equity funds at ICICI Prudential Life Insurance, tells Puneet Wadhwa in an email interview that going forward, earnings delivery, which remains strong, would be the key driver for stock returns with some moderation in valuations possible. Edited excerpts:
![Lupin stock hits 8-year high on robust earnings outlook](https://reseuro.magzter.com/100x125/articles/18959/1754932/Ttm3tkg0Rd4YCPUQojSsys/LUPIN-STOCK-HITS-8YEAR-HIGH-ON-ROBUST-EARNINGS-OUTLOOK.jpg)
Lupin stock hits 8-year high on robust earnings outlook
Firm has a bunch of products lined up which will ensure limited earnings dip in FY27: Analysts
Ireda's high valuation may limit further stock upside
State-owned Indian Renewable Energy Development Agency's (Ireda's) chairman and managing director Pradip Kumar Das has announced that the company has requested the government to allow it to carry out a follow-on public offer (FPO) as it will need further equity infusion to maintain the pace of growth.
![Sebi Chair urges industry to report mischief in markets](https://reseuro.magzter.com/100x125/articles/18959/1754932/I96CPmTOCkEyGkfDr8dsys/SEBI-CHAIR-URGES-INDUSTRY-TO-REPORT-MISCHIEF-IN-MARKETS.jpg)
Sebi Chair urges industry to report mischief in markets
Securities and Exchange Board of India (Sebi) Chairperson Madhabi Puri Buch on Thursday urged market participants and industry officials to report bad practices or mischief in the market to avoid a \"heavy hand\" from the regulator.
![CJI advises Sebi, SAT to be cautious, pitches for more tribunal Benches](https://reseuro.magzter.com/100x125/articles/18959/1754932/Av9GQ1RhjrlU75T6bKRsys/CJI-ADVISES-SEBI-SAT-TO-BE-CAUTIOUS-PITCHES-FOR-MORE-TRIBUNAL-BENCHES.jpg)
CJI advises Sebi, SAT to be cautious, pitches for more tribunal Benches
Chief Justice of India (CJI) D Y Chandrachud on Thursday advised market regulator Securities and Exchange Board of India (Sebi) and the Securities Appellate Tribunal (SAT) to exercise caution amid a significant surge in equity markets and pitched for more tribunal benches to ensure that the \"backbone is stable\".
![Sensex ends above 80,000 for first time](https://reseuro.magzter.com/100x125/articles/18959/1754932/2byPP4PT0nxVrloiJ4vsys/SENSEX-ENDS-ABOVE-80000-FOR-FIRST-TIME.jpg)
Sensex ends above 80,000 for first time
Equity benchmark indices Sensex and Nifty ticked higher to close at fresh all-time high levels on Thursday, following buying in market heavyweights ICICI Bank, Infosys, and TCS amid a largely positive trend in global equities.
Q1earnings growth needs to catch up with mkt valuation
Analysts say disconnect between earnings growth and stock prices more visible in SMIDS
![Equity rally pushes MF AUM near ₹60 trn](https://reseuro.magzter.com/100x125/articles/18959/1754932/yO18CIpMaaIWzCPmvXmsys/EQUITY-RALLY-PUSHES-MF-AUM-NEAR-60-TRN.jpg)
Equity rally pushes MF AUM near ₹60 trn
Second straight quarter of close to double-digit growth