JPMorgan anticipates challenges for Indian IT firms over the next two years, citing uncertain demand and a mix of technology and economic headwinds. The brokerage has downgraded several stocks, including HCL Technologies and Wipro, due to current valuations not reflecting these concerns. Analysts foresee reduced revenue growth forecasts for FY27, with a softer start to the year impacting the usual first-half strength.
JPMorgan has adopted a cautious stance on Indian IT firms, anticipating significant growth challenges over the next two years. The brokerage cites uncertain demand and a combination of technology and economic headwinds as primary concerns. Consequently, JPMorgan has downgraded…
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