One of the most highly anticipated periods of the year is the time when companies declare their quarterly results

he company has provided multi-bagger returns of 1016.5 per cent on a YTD basis, while the BSE Sensex has only increased by 4.98 per cent on a YTD basis.

Stock has given staggering 68 per cent returns in less than a month of its listing. Sales has doubled in past three years.

The IT sector appears to be out of favour with its valuation falling by almost 31 per cent year-to-date (YTD). Furthermore, Nifty IT has dropped more than 23 per cent YTD, behind Nifty 50, which has gained around 0.75 per cent. So, does this seem like a good time to buy great IT companies the contrarian way? This article is an effort towards finding out the same 

The global brokerage firm Nomura has maintained a cautious stance on the IT services sector and expects a significant moderation in the revenue growth rate of the Indian IT companies in FY24 vs FY23.