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Listen to this article in summarized format Read more: D-Street stocks are breaking long-held supports as selloff deepens The company management expects margin to improve in subsequent quarters, aided by revenue mix and productivity gains due to the use of artificial intelligence (AI) tools. The company continued to book new orders, adding $257 million in total contract value (TCV) of new deals. It was 6.6% higher year-on-year but lower than $349 million in the previous quarter. While the new deal wins in the June quarter raise hopes for a gradual recovery, the September quarter performance is expected to stay subdued. Read more: Nifty sees worst September series in 25 years. What does October hold? "Program ramps and deal starts were pushed out, keeping near-term revenue growth subdued," noted Anand Rathi Share and Stock Brokers in a sector report, adding that the full Europe impact is expected in the September quarter and margin recovery hinges on revenue improvement. The broker has reduced the EPS growth estimate to 8.1% from an earlier 12.3% for the FY26-28 period. It has a target price of ₹661, implying a 29.6% upside over Tuesday's closing price of ₹509. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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