July 24, 2025

Chakri Lokapriya analyzes the impact of US tariffs on IT companies like TCS and HCL Tech. Weak discretionary demand and sluggish order conversion are noted. Paytm's profitability and margin improvements stand out. Dixon Tech's strong mobile segment drives growth. HAL's potential is acknowledged, but further order conversions are needed to justify valuations.

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Tags: Us tariffs, It companies, Tcs, Hcl tech, Paytm, Dixon tech, Hal, Chakri lokapriya, Technology services, Margin improvement, Profitability,