IT stocks exhibit signs of caution after Infosys, Wipro ADRs fall up to 8%

CLSA's Laurence Balanco spoke to CNBC-TV18 on Tuesday and said that as a result of the mean reversion trade that is playing out in IT stocks, he sees an upside potential of another 12.5% on the Nifty IT index.

Jun 3, 2026 - 09:00
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IT stocks exhibit signs of caution after Infosys, Wipro ADRs fall up to 8%
CLSA's Laurence Balanco spoke to CNBC-TV18 on Tuesday and said that as a result of the mean reversion trade that is playing out in IT stocks, he sees an upside potential of another 12.5% on the Nifty IT index.

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