The brokerage increased its target price on Persistent Systems by 77 percent to Rs 8,058 from Rs 4,536 earlier, and on ...

Indian IT stocks have undergone massive value erosion over the last few months amid fears of Gen-AI affecting the long-term business model of sectoral companies. The Nifty IT index has plunged 21% YTD ...

TCS shares have fallen over 14% this February due to AI disruption fears and high US interest rates. On Monday, February 23, ...

Global brokerage Jefferies has slashed price targets by up to 33 per cent on eight major Indian IT firms, including TCS, ...

CLSA has maintained an Outperform rating on Tata Consultancy Services with a target price of Rs 3,593, implying 39% upside. The brokerage sees scope for a Rs 35 Q4 dividend and a potential buyback.

Jefferies warns of up to 33% downside for top IT stocks amid AI disruption fears—see which tech majors could face cuts. Learn ...

CLSA says fears of AI disruption in Indian IT are overblown after talks with TCS, Infosys, HCLTech and Wipro. Brokerage sees over 100% upside in Coforge and strong deal pipeline across the sector.

Despite the cut in price targets, CLSA has reiterated its "outperform" rating on most of these names, barring Wipro, where it has a "hold" rating. The "high-conviction outperform" rating comes for ...

Despite these cuts, Kotak Institutional Equities said that IT services will remain relevant in the long-term and they are not changing their terminal growth assumptions. It prefers Infosys, TCS, and ...

Tata Consultancy Services Ltd (TCS) is all set to kick start earnings season on Monday, January 12. Along with its December quarter results, the TCS board would also consider its third interim ...

At 12:05 pm on March 5, Nifty IT index was trading 1.3% lower at 29,909 while HCLTech, Coforge, Mphasis shares were trading 2 ...