Missed reversal in IT stocks? Jefferies gives 3 ideas with up to 50% re-rating potential

Jefferies, a financial brokerage, has identified three Indian IT stocks with potential for significant re-rating. The stocks in question are Infosys, TCS, and Sagility, with the latter offering the possibility of a 50% increase in value. This comes despite a muted growth outlook for the sector. The brokerage raised its target prices for Infosys and TCS, citing the potential for growth expectations to stabilise. This could be positive news for investors in these stocks.

Why it matters

Jefferies expects further valuation upside in Indian IT stocks, despite muted sector growth outlook. Infosys and TCS offer significant rerating potential, which could lift investor sentiment and drive up stock prices.

Market impact

Markets & countries in focus

Transmission channels

Likely winners & losers

Explore the intelligence

MeridStreet does not reproduce source articles. The summary and analysis above are generated by MeridStreet from public headlines and its own market model; the original reporting belongs to Economic Times. For information only — not financial advice.