Market expert Pankaj Pandey, in an interview with ET Now, said that the broader expectation was that FY26 would be better for IT, but with the risk of a US recession, it might be a washout. Infosys could be impacted more due to higher discretionary spend exposure. Pankaj Pandey highlights TCS as an attractive name among Tier I players. Among Tier II, Persistent and Coforge stand out. Persistent, in particular, has delivered 23–24% CAGR over the past 5–6 years and is expected to grow 18–19% going forward. Pankaj Pandey believes that with the IT index down nearly 24% and inflation fears easing, a technical bounce is possible. But real recovery may only come in FY27.
