Goldman Sachs lowered price targets for IT stocks by 3% to 32% due to reduced US revenue growth forecasts. LTIMindtree was downgraded to ‘Neutral’, while Tata Consultancy Services remains better positioned. Wipro and Tech Mahindra may face more significant challenges. Discretionary spending recovery could be further delayed, potentially affecting project scopes and IT spending.
Why FIIs are dumping bluechips to hunt small & midcaps
Foreign institutional investors are shifting their focus from India’s top blue-chip stocks to a wider array of mid- and small-cap companies. This strategic repositioning is
May 25, 2026