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Thursday, October 22, 2026Updated 06:04 UTC

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

Source: Economic Times · Oct 22, 2026 00:14 UTC

Trading floor of the New York Stock Exchange with banks of monitors — File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

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

Read the full story at Economic Times

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