New Delhi: Global brokerage firm Jefferies has maintained a positive outlook for IT stocks in 2025. According to the report, the growth rate of the IT sector in India is expected to register 4 per cent growth in 2025 and it is predicted to reach 7 per cent by 2026. The growth enhancement will mainly be due to increased focus on Artificial Intelligence (AI) and cloud technology by clients.
It may be noted that Microsoft chief executive officer Satya Nadella announced that his company will invest USD 3 billion (about Rs 25,700 crore) to expand its cloud computing and artificial intelligence capabilities in India. Jefferies has released its report on 9 IT stocks which. Let’s see what it stated.
Infosys: Jefferies initiated a Buy rating on Infosys, which is the second largest IT company in India as per the market cap. The IT stock is expected to rally to Rs 2,220, which indicates a return of around 14 per cent from the current levels. Infosys stock closed at rs 1929 on January 7, 2025.
TCS share price closed at Rs 4,031 on 7th January. The brokerage gave a Buy rating predicting the shares of India’s No1 IT company to reach Rs 4,775. This indicated of about 16 per cent returns.
Giving a Buy Call on LTIMindtree, Jefferies advised the market investors to buy the stock as it can reach the target price of Rs 6,650, which means a gain of around 15 per cent from the current levels. The stock settled at Rs 5752 on Jan 7.
Coforge share price is expected to gain this year and reach Rs 11,250. The counter ended at Rs 9,592.70.
Sagility India, which has been on the rise after its IPO debut, has received a positive rating from the global brokerage firm. The stock is projected to reach the levels of Rs 64. The stock ended at Rs 53.87 on Jan 7.
Mphasis is expected to gain from the current levels and reach the target price of Rs 3,460. The counter closed at Rs 2920 on January 7.
Jefferies gave a Buy rating on HCL Technologies. The brokerage said the stock has the ability to appreciate to the levels of Rs 2,100. HCL Tech share at Rs 1,916.75 on 7th January.
The global brokerage gave a negative rating on Wipro shares and predicted the stock to decline to Rs 260. The IT stock closed at Rs 293.90 on January 7.
Tech Mahindra stock can underperform, the brokerage said in its report. It predicted the counter to decline to Rs 1,480. The scrip settled at Rs 1,669.65 on 7th January.
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Jefferies initiated a Buy rating on IT stocks including, Tata Consultancy Services, Infosys, LTIMindtree, Coforge, Sagility India, Mphasis and HCL Tech. The brokerage provided share price target for the mentioned stocks. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
