Broader slowdown imminent but manageable; HCL, Infosys top picks: Kotak Institutional
The brokerage is of the view that the signs of slowdown have now broadened. The slowdown, which originally was seen among small and midsize businesses (SMBs) and self-serve segments, has gradually penetrated in the industry segments. There is now visible reprioritization of tech spending towards areas that will fetch quicker RoI and even higher focus on cost-efficiencies.
