Jefferies downgrades stocks of select IT companies - Economic Times

Jefferies has downgraded HCL Technologies and Tech Mahindra to hold recommendation. The brokerage has cut rating on Wipro, Larsen & Toubro Infotech, Mindtree and Coforge to underperform. The brokerage has maintained Infosys as its top pick due to its sector-l…

Mumbai: Jefferies has downgraded shares of select IT companies as it believes revenue growth of the sector is likely to moderate by about 340 basis points due to a recession in the US in FY24. Cutti… [+1618 chars]

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