TCS, Infosys, Wipro, HCL Tech, TechM Crashed: Why IT Stocks Are Falling? Jefferies Downgrades 6 Tech Shares
The latest fear is fuelled after global brokerage Jefferies downgraded its rating on six big players in India. As per Jefferies, AI may structurally change the IT business mix towards consulting/implementation while reducig managed services. This would not only increase cyclicality but also require a change in talent/operating model - hence adding risks.
The latest fear is fuelled after global brokerage Jefferies downgraded its rating on six big players in India. As per Jefferies, AI may structurally change the IT business mix towards consulting/implementation while reducig managed services. This would not only increase cyclicality but also require a change in talent/operating model - hence adding risks.
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