Wednesday, 19 August 2026 · World
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Nº 39 Wednesday, 19 August 2026 · World Edition
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IT crash ahead? CLSA downgrades TCS, Infosys, Wipro, other stocks; revises target prices. Here's why

Markets-Economic Times · 1h ago · 🇮🇳 India
IT crash ahead? CLSA downgrades TCS, Infosys, Wipro, other stocks; revises target prices. Here's why

CLSA downgraded several large IT stocks and cut their target prices amid continued AI-related concerns, while retaining a bullish view on select mid-tier IT companies. The brokerage said Q1 earnings were mixed across Indian IT and global peers, but expects AI-driven volumes to eventually offset pricing deflation by FY30.

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