Negatives mostly priced in for tier 1 IT companies; correction likely in midcaps: Sunny Agrawal

By Martin Shwenk Leade

Negatives mostly priced in for tier 1 IT companies; correction likely in midcaps: Sunny Agrawal

The IT sector is facing a weak demand environment due to clients seeking productivity gains through Gen-AI and expecting cost benefits. While tier I IT company negatives are priced in, midcap IT firms face potential correction due to expensive valuations. KPIT Tech is expected to deliver muted growth commentary for FY26 amid global automobile industry uncertainties.

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