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Jefferies raises Indian IT to neutral as AI trade pauses
India’s IT services sector has fallen 25% year-to-date, with the top four IT majors—TCS, Infosys, HCLTech and Wipro—down around 35-50 per cent from their past two-year peaks.
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thehindubusinessline.com
TCS, Infosys, HCL Tech, Wipro, Tech Mahindra: IT’s a chasm between management and investors
IT services face a trust gap as management touts AI potential while investors demand proof amid declining growth and margins.
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Jefferies raises Indian IT to neutral as AI trade pauses
India’s IT services sector has fallen 25% year-to-date, with the top four IT majors—TCS, Infosys, HCLTech and Wipro—down around 35-50 per cent from their past two-year peaks.
