Negative impactResults
Stocks to buy: JM Financial expects soft Q2 season for IT majors; check target prices for Infosys, TCS, others
Economic Times 1 hr ago·29 Sept 2026, 5:01 am
JM Financial has lowered its expectations for the upcoming earnings season, forecasting a lackluster performance from major IT companies. The brokerage anticipates that the sector will face continued headwinds due to competitive pressures and macroeconomic instability. Despite these challenges, analysts maintain target prices for key players, suggesting that current valuations may still offer room for growth for investors who are willing to wait.
The brokerage's outlook hinges on the upcoming earnings reports and management guidance. A critical development to watch is the conclusion of large-scale wage hikes, which could help improve profit margins for some firms. Investors should monitor how companies navigate these obstacles and whether they can deliver on their guidance, as this will be a key determinant of the sector's near-term performance.
Excerpt from Economic Times
The IT companies are all set to begin the Q2 season, with TCS kickstarting the cycle on October 8. JM Financial noted that investors expect some improvement in growth, given that Q2 is seasonally a stronger quarter. However, macro uncertainty and AI-led productivity continue, while competitive intensity has also…Read the original at Economic Times
Affected stocks
Bearish2 stocks
Bull / bear label is derived from the article's AI sentiment — indicative, not advice. Prices may be delayed.
Key takeaways
- Concerns JM Financial (JMFINANCIL).
- Category: Results.
- AI reads the tone as negative (potentially bearish) for the stock.
- Assessed as a significant, market-relevant update.
- Also mentions TCS.
Why it matters
A meaningful update for JM Financial worth tracking. The tone is negative — watch for downside reaction. Use the price and stock snapshot to gauge how the market is responding.
