Jefferies sees further valuation upside in Indian IT stocks despite a muted sector growth outlook. Infosys and TCS offer over 20% rerating potential, while Sagility could deliver more than 50% in a best-case scenario. The brokerage raised target prices for Infosys and TCS, citing scope for growth expectations to stabilise.
Jefferies sees further valuation upside in Indian IT stocks despite a muted sector growth outlook. Infosys and TCS offer over 20% rerating potential, while Sagility could deliver more than 50% in a best-case scenario. The brokerage raised target prices for Infosys and TCS, citing scope for growth expectations to stabilise.
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