CLSA on IT sector: Downgrades TCS and HCL Tech; maintains ratings on these IT giants; shares fall
The brokerage has downgraded Tata Consultancy Services (TCS) to 'sell' from 'underperform' with a share price target of Rs 3925. It has downgraded HCL Tech to 'sell' from 'underperform'. The brokerage, however, has maintained ratings for Infosys, Wipro, Tech Mahindra, and LTIMindtree.
The brokerage has downgraded India's largest IT company to 'sell' from 'underperform' with a share price target of Rs 3925. Photo: Reuters