Jefferies Sees Up to 50% Upside in Indian IT Stocks
Jefferies expects further valuation gains in Indian IT stocks despite muted sector growth. Infosys and TCS have over 20% re-rating potential, while Sagility could see more than 50% upside in a best-case scenario. The brokerage raised target prices for Infosys and TCS, citing potential stabilization in growth expectations.
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