Earlier this year, Mindtree announced a mega-merger with LTI (Larsen & Toubro Infotech) to create an efficient and scaled-up IT services provider exceeding $3.5 billion in total revenue.

Though Indian IT companies have reported strong revenue growth in the June quarter, with most also maintaining or increasing their guidance, analysts remain cautious about the sector because of the concerns over a slowdown in the US, the biggest market.

Companies are now focusing on controlling high wage bills, reducing retention costs, improving utilization amid a widespread fear of recession across key geographies like the United States and Europe.

Overall it was a week where we saw a bit of consolidation and now we are forming a new range. For the last three, four sessions we have made bottoms around the 17150 to 17200 mark and recovered from those lows every time while 17500 is acting as a resistance.

“There is a move towards more complex generics which are higher margin and are subject to less price erosion in the US and also in the advanced markets. The US has traditionally been stronger pricing wise versus Europe. Against this whole backdrop, Lupin and Cipla because of the move towards complex generics, look to be positioned well.”

MindTree Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 58216.93 Crore) operating in IT Software sector.

“The kind of fear which was there in May, June is not there at this point of time and that certainly is positive. And maybe it is time to get specifically focussed on stocks which should do well over the next few quarters or so. Overall market risk seems to be gradually falling.”

When Soota turns 80 in November, Happiest Health will be a rare Indian technology startup with an octogenarian founder.

According to the Grant Thornton Bharat Dealtracker report, the numbers show a 34 per cent increase in overall deal volumes, while deal values more than doubled with a 143 per cent rise in comparison to the same period last year.

MindTree Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 51910.20 Crore) operating in IT Software sector.

F​or information technology and pharma sectors, which are export oriented, a weaker rupee is a positive, but analysts warn that these sectors also face risks of a demand slowdown due to recession concerns in the US. The textile sector is also being seen as a direct beneficiary of a weaker rupee.

“Mahindra Finance appears to be a good potential candidate for giving reasonable returns over the next two to three years. Vedanta can be the second considering the basket of products and verticals that they are into. The third is ITC. It is one of the companies which can give a very stellar performance because the secular growth can be quite good.”

Some of these centres are coming up in non-metro cities and will focus on tier two presence of the countrys largest IT services company, TCS chief financial officer Samir Seksaria told ET.

"The cost for IT companies has increased due to higher attrition rate, inflated compensation and increased travelling cost which have hurt the operational performance and margins of the IT sector, neutralising the windfall gains of weak rupee," Bathini added.

India recently issued rules for non-telecom enterprises to acquire spectrum directly from the telecom department for setting up private 5G networks.