Assessing The IT Sector's Near-Term Troubles And Long-Term Potential | Market Show | ET Now

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Infosys has faced two consecutive quarters of disappointing results despite securing significant orders, raising concerns about the IT sector's performance. The short-term outlook is negative, with potential underperformance in the stock, but a longer-term view suggests possible recovery beyond FY24 and FY25. Deal wins indicate promise, but IT firms are bracing for a challenging second half. Positive news includes India's declining retail inflation, easing food prices, and cooperation between the RBI and the government to tackle inflation.
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