HCLTech

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Jefferies Turns Bearish on TCS, Wipro and Six Other IT Stocks Ahead of Q2 Results

Jefferies has taken a cautious view on India’s information technology sector ahead of second-quarter earnings, warning that growth is likely to remain modest and increasingly dependent on acquisitions rather than broad-based demand recovery. The brokerage sees large-cap IT names under pressure, with TCS, Wipro and HCLTech among the stocks facing underperform calls, while Infosys retains a hold rating and mid-sized firms are expected to fare better.

By RDU Global Wire6 min read

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Co-Occurring Entities

Entities frequently referenced alongside HCLTech:

Wipro(1)Tata Consultancy Services(1)New Delhi(1)Jefferies(1)Infosys(1)India(1)