Analyst UpgradeUpgraded from Neutral to Overweight due to a more attractive risk/reward profile with the stock trading at lower multiples compared to peers.
Guidance And Revenue StabilityCompany's near-term guidance is seen as achievable, potentially leading to a relief rally with any sign of revenue stability or sequential growth.
Strategic AcquisitionManagement's thoughtful plan for the GalaxE acquisition is expected to add US revenue, diversify the business, and enhance delivery capabilities in India.