📰 ET Stocks 🟢 BULLISH 🕒 22 Oct 2026, 05:44 AM IST

Jefferies sees valuation upside in select IT stocks despite muted growth forecast

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Core Development: Jefferies sees valuation upside in select IT stocks despite muted growth forecast

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Market & Financial Impact: Jefferies has identified opportunities for further valuation gains in selected Indian IT stocks. While the sector experienced a sharp rally in October, growth expectations remain muted. Analysts suggest that lack of negative surprises could drive valuations higher. Infosys and TCS were noted for potential rerating, with target prices increased. The worst-case scenario involves stagnant growth beyond fiscal year 2029 for IT companies.

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Actionable Insight: 🟢 Bullish Trigger: Positive business expansion or earnings beat may attract institutional and retail buying.

Jefferies, however, remains cautious about the sector's growth outlook.

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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.

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Jefferies sees valuation upside in select IT stocks despite muted growth forecast

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