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HomeMarket NewsWhich IT stocks should investors bet on? or should you? Analysts have their say
As consensus growth estimates do not fully reflect the risk to application services of IT companies, it poses a downside risk to the valuations of these stocks, according to a Jefferies note on Thursday.
Indian IT stocks, Infosys Ltd., Coforge Ltd. Persistent Systems Ltd., TCS Ltd. and others are seeing no immediate relief after the sharp sell-off on Wednesday. Infosys, TCS are trading above the flat line on Thursday but by only just, while others are trading with losses of 0.5% to 1% on Thursday.
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