AI disruption

TCS, Infosys, Wipro see price targets slashed by Jefferies as AI shift clouds outlook

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TCS, Infosys, Wipro see price targets slashed by Jefferies as AI shift clouds outlook

Foreign brokerage firm Jefferies has turned more cautious on Indian IT services stocks, revising its target prices for TCS, Infosys, HCLTech, Wipro and Tech Mahindra, while maintaining its preference for Coforge and HCL Technologies over larger peers. The rationale for the cautious view stems from what Jefferies calls “AI-led disruption” combined with a slower-than-expected revival … Read more

Fund Manager Talk | Why Atul Bhole is keeping IT stocks on his watchlist

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Fund Manager Talk | Why Atul Bhole is keeping IT stocks on his watchlist

Atul Bhole, Executive Vice President and Fund Manager at Kotak Mutual Fund, identifies IT stocks as a potential under-the-radar opportunity amid current market uncertainties. While the sector has underperformed year-to-date due to concerns over US economic conditions and AI disruption, Bhole sees compelling reasons to pay attention to this overlooked space. Edited excerpts from a … Read more