TCS, Infosys shares gain over 3% after brokerages’ bullish nudge. What’s driving the upgrades?

Shares of TCS and Infosys jumped over 3% after Investec and JP Morgan upgraded ratings with higher targets, citing long-term IT resilience. Analysts see recovery in H2 FY26, driven by AI-led transformation, cost efficiency, and robust order books despite near-term demand pressures.

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