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Motilal Oswal sees earnings rebound, upside for Indian IT firms in 6-9 months
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Motilal Oswal predicts a rebound in earnings and growth for Indian IT firms in 6-9 months, with strong growth expected in H2 FY27 and FY28. Despite decade-low valuations, the sector offers upside potential. Infosys, Mphasis, and Zensar were upgraded to "buy," while Wipro was revised to "neutral." IT services are expected to stabilize and grow as cloud spending normalizes. The IT sub-index is down 12.7% YTD compared to Nifty 50's 9.7% rise.
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