“We remain cautious on the India IT services sector, overall. We believe there will be a significant divergence in the operating performance in FY24 in the companies,” Nomura financial analysts Abhishek Bhandari and Krish Beriwal said in their recent report.
Citi bullish on Indian equities, sees Nifty at 28,000 by end-2027
Citi Research projects that India’s benchmark Nifty 50 index could hit 28,000 points by the end of 2027. This forecast is based on strong earnings