Midcap IT companies are facing a downturn, mirroring the struggles of their largecap counterparts. Q1 earnings revealed topline misses and cash flow issues, exacerbated by cautious client spending and project delays. While some analysts remain optimistic, concerns persist about valuations and the lack of a clear earnings upgrade cycle, leading to a mixed outlook for the sector.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets