Indian IT firms are struggling to predict their growth trajectory amidst global upheavals and economic uncertainty. Nonetheless, the sector has a history of showing more resilience than the broader Nifty50 in previous crises, according to a report by Nuvama. Nuvama expects the Indian IT sector to deliver handsome returns in the next two to three years, as enterprises need cloudification and digitisation. In identifying 10 stocks, Nuvama’s top pick is LTIMindtree. The valuations of the IT services sector have significantly underperformed the broader index since 2022, due to a slowdown in global tech demand.