Mayuresh Joshi, Head of Equity Research at William O'Neil India, expects the IT sector to undergo a phase of consolidation. He said a large part of the price correction in the segment is over, but multiple headwinds remain.

"The Street believes issues are still lingering, including the latest H-1B controversy. Alongside, the business model itself is under some element of pressure, given the rise of new AI platforms globally. This could impact new orders, margins, pricing, as well as the time and cost needed to develop platforms and upskill employees. To that extent, there are several challenges for the sector," Joshi told Business Today on Friday. Advertisement

He noted that companies that are more proactive in adopting new technologies are likely to fare better. "The only stock we co

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