The Economic Times

Missed reversal in IT stocks? Jefferies gives 3 ideas with up to 50% re-rating potential

Jefferies sees further valuation upside in Indian IT stocks despite a muted sector growth outlook. Infosys and TCS offer over 20% rerating potential, while Sagility could deliver more than 50% in a best-case scenario. The brokerage raised target prices for Infosys and TCS, citing scope for growth expectations to stabilise.