Ravi Menon, IT Services Analyst at Macquarie Capital (Image: Ravi Menon/LinkedIn) Show Quick Read Summary is AI Generated. Newsroom Reviewed

After a muted two-year stretch marked by delayed client spending, cost-cutting cycles and macro uncertainty, the Indian IT services sector is finally showing signs of a bottoming out. According to Ravi Menon, IT Services Analyst at Macquarie Capital, 2026 could mark a clear turnaround year for some of the companies in the industry, driven by early signs of recovery in key verticals and a gradual revival in project pipelines.

Stock-Specific Approach: TCS, HCL Tech Lead the Pack

Menon in an interview with NDTV Profit said he prefers a calibrated, stock-specific stance rather than a blanket bullish call on the sector. Among large caps, he sees th

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