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.
Motilal Oswal Report
Recent commentary from both large- and mid-cap IT Services companies during their annual investor meets point to continued optimism on their CY21 growth outlook, even after adjusting for a low base YoY.
We expect this optimism to be echoed by other managements during the Q3 FY21 earnings season.
Healthy order pipeline, large deal signings, strong earnings from Accenture, and absence of headwinds like a repeat of the Covid-19 led lockdown in Q1 FY21 or uncertainty with regard to the outcome of the U.S. Presidential election should drive the outperformance in Q3 versus management guidance in Q2 FY21.
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