Infosys Jefferies' only IT pick on growth visibility, valuations
Jefferies downgraded its ratings on LTI Mindtree and Coforge to underperform on the back of rising uncertainty in their growth and margin outlooks.
Mumbai: said will remain selective on based on the companies' in the fourth quarter, while management commentary points to a weaker-than-expected growth outlook in FY25.The brokerage said is its only pick citing higher near-term and reasonable valuations.
Jefferies downgraded its ratings on LTI and to underperform on the back of rising uncertainty in their growth and margin outlooks.
AgenciesIt prefers () over citing the latter's weak growth outlook in the near term.
The has declined 6.14% so far in 2024, as against a 2.6% up-move in the Nifty. The index fell about 5% in the past month, while the Nifty dropped only 1.5% in the period.
Source: Stocks-Markets-Economic Times
