6 IT stocks CLSA has revised its stance on

Sirali Gupta

Mar 05,2024

As per CLSA, the growth outlook for the IT sector in 2024 is weak, and the brokerage believes that it has not been reflected in valuations yet.

Further, the brokerage reckons negative revenue growth guidance by HCL Tech and Infosys.

Here's what CLSA suggests on 6 IT stocks:

TCS

CLSA downgrades TCS to 'sell' and gives a target price of Rs 3,925.

HCL Tech

The brokerage downgrades HCL Tech to 'sell' and gives the target of Rs 1,536.

Infosys

CLSA iterates an 'outperform' rating on Infosys and gives a target of Rs 1,741.

Tech Mahindra

Continues 'outperform' and gives a target of Rs 1,518. LTI MindtreeThe brokerage maintains 'sell' and gives a target of Rs 5,281.

Wipro

CLSA iterates 'sell' and gives a target of Rs 441.

LTI Mindtree

The brokerage maintained 'sell' and gave a target of Rs 5,281.