Today news
About the same in other media
Morgan Stanley upgrades Indian IT price targets
Reading now: 864
Morgan Stanley has raised price targets on shares of large-cap and mid-cap Information Technology stocks. The brokerage’s top picks in the sector are HCL Technologies, LTIM, Infosys, and Cyient.
“Strong outlook on FY25 revenue growth, improving margins, and double-digit EPS growth should keep valuations afloat,” said Morgan Stanley’s analysts Gaurav Rateria and Sulabh Govila in a client note.
The brokerage says it expects the current valuation, which is at a five year average, to be sustained owing to double-digit Earnings Per Share (EPS) growth in FY25, under-ownership by both domestic institutional investors (DII) and foreign institutional investors (FIIs).
About this in other media
SoftBank offloads 2.5% stake in PB Fintech for Rs 871 crore economictimes.indiatimes.com /1 year ago
Sanctuary Wealth hires ex-Morgan Stanley MD to recruit East Coast advisors investmentnews.com /1 year ago
Contra bet? IT stocks shrug off earnings growth risks, outpace Nifty 50 in H1FY24 economictimes.indiatimes.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
