HCL Tech among Motilal Oswal’s top 4 large and midcap IT picks amid Q1 results – Indian IT’s Stop-Start Recovery

LTIMindtree is projected to report a 1.5% QoQ revenue growth, driven by deal ramp-ups and cross-currency tailwinds. The company’s EBIT margin is expected to improve by 60bps due to operating leverage and offsetting visa-related headwinds. Growth is expected to be broad-based across verticals, with BFSI and Hi-tech continuing to perform well. The company’s demand in the retail/CPG sector, supported by agro-tech deal ramp-ups, is expected to continue, while deal activity and margins will be closely monitored.

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