Investec reports an improved risk-reward scenario for most IT services stocks, projecting potential one-year returns exceeding 10-15%. The brokerage upgraded Infosys to ‘Buy’ with a target price of ₹1,655, anticipating an 8% gain. Tech Mahindra, Infosys, and TCS are favored among larger stocks, while Mphasis, Zensar, and KPIT are preferred in the mid-sized category.
HDFC Bank shares fall 2% on reports of internal probe over Rs 45 cr interest payments
HDFC Bank shares fell after a report revealed an internal investigation into Rs 45 crore payments to Maharashtra State Road Development Corporation. The Audit Committee