IT Sector Q4 Review: Axis recommends buying Persistent Systems, KPIT Tech after March quarter results – here’s why

The Indian IT services industry is facing near-term challenges due to the economic slowdown and weaker macroeconomic outlook. However, its long-term outlook remains robust with the economy showing signs of recovery. In a recent Q4 review note, brokerage house Axis Securities said it believes that the said recovery will begin in the start of the new year and FY25 will show strong revenue growth.