IT stocks rally as third quarter numbers lift the gloom

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After the results, analysts at top brokerages did not rush to upgrade their ratings on both the stocks. Some of them marginally raised their price targets on Infosys. The average analyst target price on Bloomberg for Infosys stood at Rs 1,639.77, while TCS stood at Rs 3,962.43.

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Jefferies views IndiGo as unique and strong franchise, raises target price to Rs 5,260

The IndiGo stock has underperformed following a significant miss in the company’s 2Q results, driven by higher costs impacting profitability. However, Jefferies expects cost normalization

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Tech View: Nifty faces resistance at 200-DSMA; staying below 23,930 may signal more downside.How to trade on Friday

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