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ET Analysis: Project ramp-ups, deal flow to script IT show on D-Street
Top IT stocks such as TCS, Infosys, and Wipro lost 3-6% in August after initial excitement due to market volatility and US demand uncertainty. Despite solid June quarter results and new deals, slow project ramp-ups and cautious client budgets contributed to the decline. Improved profitability is expected due to falling employee attrition rates.