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Infosys Stock Price: Hot Stocks: Global Brokers on Infosys, TCS, Tech Mahindra, Wipro and IndusInd Bank

Global brokerage firm Goldman Sachs downgraded, and sold while upgrading to buy. CLSA, meanwhile, maintains its buy rating.

We have collated lists of recommendations from top brokers from ET Now and other sources. Watch:

Goldman Sachs on Infosys: Downgrade for sale | Target 1244 Rs
Goldman Sachs downgrades Infosys for sale with a target price of Rs 1244. The global investment bank thinks valuations are still high and doesn’t factor in a bear cycle.

Current valuation is 22.3 times FY24E, it said. The global bank has reduced its EPS forecast for fiscal year 23-26E by as much as 6%.

Goldman Sachs on TCS: Downgrade for Sale | Target 2611 Rs
Goldman Sachs downgraded TCS for sale with a target price of Rs 2611. The global investment bank has reduced its EPS forecast for fiscal year 23-26E to 5%.

Goldman Sachs on Tech Mahindra: Downgrade for Sale | Target 868 Rs
Goldman Sachs downgrades Tech Mahindra for sale with a target price of Rs 868. The global investment bank has reduced its EPS forecast for fiscal year 23-26E to 4%.

Goldman Sachs on Wipro: Upgraded to buy | Target 381 Rs
Goldman Sachs upgraded Wipro to buy with a target price of 381. The global investment bank cut its EPS estimate by 1-3%.

CLSA on IndusInd Bank: Buy | Target 1400 Rs
CLSA has maintained its buy into IndusInd Bank with a target of Rs 1400. The bank is seeing a cyclical increase in its core businesses and the scaling up of liabilities will be key in the medium term.

“Growth prospects are improving for core vehicle finance businesses and MFI businesses. Detailed liabilities are a key deliverable over the medium term,” it said.

The bank has low profit risk with improved net margin (NIM) outlook and lower credit costs, said the bank.

(Disclaimer: The recommendations, suggestions, views and opinions expressed by experts are their own. They do not represent the views of The Economic Times)

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