Wipro Limited
NSE: WIPRO | 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 →TCS, Infosys, Wipro Face CLSA Downgrade; These Midcap IT Stocks Stay Top Picks — 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.
Read Full Analysis →Kaynes, Wipro Plants To Go Live Soon As MeitY Clears Rs 7,877 Crore ECMS Tranche
The approvals are expected to translate into Rs 82,243 crore of investment, according to details shared by the Ministry of Electronics and Information Technology (MeitY)
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