Wipro, Tech Mahindra to reduce six IT stocks over fears of economic downturn

technology

[ad_1]

Web only

In early May, JP Morgan analysts cited growth concerns in the Indian IT sector, citing growth concerns. The recent increase in marginal pressure is one of the major concerns, says JP Morgan.

Articles
IT Sector | Indian IT Sector | Jefferson


Puneet Wadhwa |
New Delhi



The economic downturn in the US has prompted analysts to be wary of the IT package, while Jefferson has downgraded six large and medium-sized companies. The list includes Tech Mahindra (TechM), HCL Technologies (HCL Tech), Wipro, Coforge, Larson and Tubro Infotech and Mindrin.


To read the full story, subscribe now to RS 249 per month.

Sign up for insights


What do you get for a business regular premium?


Or







Dear reader!

Business Standard is always up-to-date and works hard to comment on developments that are of interest to you and have significant political and economic implications for the country and the world. Your encouragement and persistent feedback on how we can improve our supply has strengthened our commitment and commitment to these ideas. We are committed to keeping you informed and providing up-to-date information on reliable news, official opinions, and relevant current affairs, even during these difficult times in Covidy-19.
But we have a question.

As we fight the economic impact of the epidemic, we need your support to continue providing better quality content. Our subscription model has seen an encouraging response from many of you who have subscribed to our online content. Additional subscriptions to our online content can only help you achieve your goals of providing more and more relevant content. We believe in free, fair and credible journalism. Your support through many subscriptions will help us practice our journalism.

Support quality journalism and Sign up for Business Standard.

Digital Editor

First published: Monday, July 11 2022. 08:00 IST



[ad_2]

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *