Tata Consultancy Services Limited
NSE: TCS | Information Technology
Market Fundamentals
Stock Intelligence & News
IT crash ahead? CLSA downgrades TCS, Infosys, Wipro, other stocks; revises target prices. Here's why
CLSA downgraded several large IT stocks and cut their target prices amid continued AI-related concerns, while retaining a bullish view on select mid-tier IT companies. The brokerage said Q1 earnings were mixed across Indian IT and global peers, but expects AI-driven volumes to eventually offset pricing deflation by FY30.
Read Full Analysis โTCS, Infosys, Wipro Face CLSA Downgrade; These Midcap IT Stocks Stay Top Picks โ Check Target Price
CLSA's more constructive view is reserved for mid-tier IT companies that it believes are better positioned to benefit from major shifts in technology spending and AI adoption.
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