 "Q2 earnings may have little to cheer due to rising input costs, rupee fall")
Traditionally, the quarter used to have lower working days as at times it gets impacted by extended furloughs in many developed markets. However, given the strong demand commentary and robust order book growth registered across vendors, we expect constant currency (CC) growth of 1.8-3.5 per cent for our large-cap stocks.
Similar traction is expected to be witnessed in mid-tier IT services vendors, with most of them expected to deliver 1-3.3 per cent growth (Persistent being the only exception). Most players in the product business are expected to deliver strong sequential growth, ending the year on a strong note. Except for
