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.
Indian IT stocks are facing significant headwinds, with some brokerages cutting target prices by up to 24% due to weak demand, AI investments, wage hikes, and margin pressures. Despite the broader sector's challenges, Coforge and Mphasis are highlighted as preferred picks,…
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