# Jefferies sees valuation upside in select IT stocks despite muted growth forecast

- Source: Economic Times
- Published: 2026-10-22T00:14:24+00:00
- Category: Business
- Original: https://economictimes.indiatimes.com/markets/stocks/news/jefferies-sees-valuation-upside-in-select-it-stocks-despite-muted-growth-forecast/articleshow/135103176.cms
- Canonical: https://groundlevelnews.com/story/jefferies-sees-valuation-upside-in-select-it-stocks-despite-muted-grow-6784c9/

Jefferies has identified opportunities for further valuation gains in selected Indian IT stocks. While the sector experienced a sharp rally in October, growth expectations remain muted. Analysts suggest that lack of negative surprises could drive valuations higher. Infosys and TCS were noted for potential rerating, with target prices increased. The worst-case scenario involves stagnant growth beyo

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