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 Top five IT stocks under our coverage are expected to report a U.S. dollar revenue growth of 3.5-6.5% QoQ, as the growth will be driven by recent strong deal wins, acceleration in adoption of public cloud model and decent broad based growth across geographies and verticals.
Even as revenue growth is likely to be healthy, we expect Ebit margin to be divergent in Q2 FY22, given timing of wage hikes along with sales related investments.
We have noticed that skill cost has increased in the market which leads to build a right sized pyramids to offset the increase in wage hike.
Strong order book and deal pipelines are the fundamental base of the current valuation of the technology companies.
The main focus will continue on order intake and management commentary because any quantifiable positive surprise can lead to further rerating of the covered IT stocks.
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