Across brokerages, Coforge and Mphasis remain among the preferred picks, while weak demand, AI-led investments, wage hikes and margin pressures continue to weigh on the broader sector outlook.
Coforge and Mphasis are currently preferred picks among brokerages in the Indian IT sector. This stands in contrast to giants like TCS, Infosys, and Wipro, whose target prices have been slashed. The broader sector faces headwinds from weak demand, AI-led investments, wage hikes,…
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