neutral
Recently
IT Stocks Decline as Brokerage Flags Softer Q3 Earnings Outlook
Infosys and HCLTech shares declined after a brokerage warned of soft Q3 earnings and advised reducing exposure to IT stocks.
Shares of major IT companies such as Infosys and HCL Technologies fell nearly two percent after a global brokerage advised trimming positions ahead of expected weak third quarter earnings. The brokerage cited demand moderation, pricing pressure, and cautious client spending as near term challenges for the sector. While long term digital transformation themes remain intact, near term earnings visibility could stay muted.