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It is time to focus more on the domestic faced companies: Sandip Sabharwal
"The growth visibility for IT companies is expected to worsen due to cut in discretionary spending, leading to a decline in margins. Analysts should not be too optimistic about order bookings as many of these projects have uncertain start dates. The macroeconomic picture, with central banks trying to control inflation, suggests that next year's growth improvement is unlikely. Domestic-focused companies are performing well, especially in the market-focused sector, such as asset management companies (AMCs). "