Accenture's latest earnings have reinforced concerns surrounding the global IT services sector, with the company trimming its revenue growth guidance and highlighting slower-than-expected AI adoption. While the commentary has weighed on sentiment for Indian IT stocks, analysts believe much of the pessimism is already reflected in valuations.
According to Piyush Pandey from Centrum the near-term outlook for Indian IT remains challenging, with discretionary technology spending continuing to stay under pressure.
