BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
KRChoksey Research Report
We expect IT stocks under our coverage to report a combined 4.1% QoQ U.S. dollar revenue growth on top of the decadal high Q3 growth witnessed, as the sector continues to enjoy a growth recovery, with new deal wins, ramp up of recent deals and digital transformation investments to drive revenue.
Cross-currency tailwinds are also expected to aid reported U.S. dollar revenue growth by 50-120 basis points, with Tata Consultancy Services Ltd. to see maximum impact (120 bps) owing to the highest proportion of revenue coming from these currencies.
Indian rupee appreciation will lead to Indian rupee growth coming in lower than U.S. dollar revenue growth.
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