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.
IDBI Capital Report
In the last three months, the BSE IT index (up 14.2%) has continued to outperform BSE Sensex (up 12.7%).
The demand outlook for all the IT companies remains robust for the current quarter and for FY22E.
Q2 FY22E is a seasonally strong quarter for IT companies. This coupled with ramp up in deal wins and acceleration in digital technologies is expected to drive Q2 FY22E revenues.
We expect banking, financial services and insurance, retail, manufacturing and Hi Tech to drive growth in the quarter.
Amongst large caps, we forecast revenue growth in the range of 4.1%-7% QoQ in constant currency terms.
However, we expect cross currency headwinds to dampen the reported dollar growth in the range of 3.5%-6.4% QoQ.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR