JP Morgan downgrades Indian IT services sector to underweight - Moneycontrol

Rising margin headwinds in the near term and revenue headwinds in the medium term from a potential macro slowdown will mean that the sector’s earnings upgrade cycle is behind

Global brokerage firm JP Morgan has downgraded Indian IT services sector to 'underweight' and cut the target price of multiples by 10-20 percent. The brokerage firm says the Indian IT growth was acc… [+1829 chars]

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