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Jefferies downgrades stocks of select IT companies | Economic Times

Jefferies downgrades stocks of select IT companies https://ift.tt/V1UNvLR has downgraded HCL Technologies and Tech Mahindra to hold recommendation. The brokerage has cut rating on Wipro, Larsen & Toubro Infotech, Mindtree and Coforge to underperform. The brokerage has maintained Infosys as its top pick due to its sector-leading growth and strong execution. It has, however, lowered target price to ₹1,700 from ₹1,830.
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