Indian IT stocks have undergone massive value erosion over the last few months amid fears of Gen-AI affecting the long-term business model of sectoral companies. The Nifty IT index has plunged 21% YTD ...

TCS shareholders' wealth has plunged by Rs 1.89 lakh crore till date as global markets and IT firms gauge the effect of Anthropic AI tool on the industry.

Global brokerage Jefferies has slashed price targets by up to 33 per cent on eight major Indian IT firms, including TCS, ...

TCS shares have fallen over 14% this February due to AI disruption fears and high US interest rates. On Monday, February 23, ...

CLSA has maintained an Outperform rating on Tata Consultancy Services with a target price of Rs 3,593, implying 39% upside. The brokerage sees scope for a Rs 35 Q4 dividend and a potential buyback.

Foreign brokerage CLSA has reiterated its ‘outperform’ rating on the stock. The brokerage has built in a Rs 35 dividend for the fourth quarter and highlighted that recent Budget changes around ...

Jefferies warns of up to 33% downside for top IT stocks amid AI disruption fears—see which tech majors could face cuts. Learn ...

Despite these cuts, Kotak Institutional Equities said that IT services will remain relevant in the long-term and they are not changing their terminal growth assumptions. It prefers Infosys, TCS, and ...

Despite the cut in price targets, CLSA has reiterated its "outperform" rating on most of these names, barring Wipro, where it has a "hold" rating. The "high-conviction outperform" rating comes for ...

The latest fear is fuelled after global brokerage Jefferies downgraded its rating on six big players in India. As per ...

Citi said it continues to rank Infosys and HCL Technologies relatively higher within its coverage, while remaining cautious on the overall sector outlook.

At 12:05 pm on March 5, Nifty IT index was trading 1.3% lower at 29,909 while HCLTech, Coforge, Mphasis shares were trading 2 ...