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2 days ago

Duration: 0h 5m 1s

Jefferies downgrades IT, cuts earnings estimates

Name: Jefferies downgrades IT, cuts earnings estimates
Uploaded: 2026-02-24T06:48:36+00:00
Duration: 5 min 1 s
Channel: Rediff Video Desk
Description: Jefferies has downgraded Indian information technology (IT) companies Infosys, HCLTech, and Mphasis to hold; LTI MindTree, Tata Consultancy Services (TCS) and Hexaware to underperform, citing artificial intelligence (AI)-related concerns. Coforge, Sagility and IKS, however, still remain its top picks.

Jefferies has downgraded Indian information technology (IT) companies Infosys, HCLTech, and Mphasis to "hold"; LTI MindTree, Tata Consultancy Services (TCS) and Hexaware to "underperform", citing artificial intelligence (AI)-related concerns. Coforge, Sagility and IKS, however, still remain its top picks.

Uploaded by: Rediff Video Desk on Tue, 24 Feb 2026 12:18:36 +0530

Views: 22

Tags: Jefferies, Wipro, IKS, Infosys, Coforge, FY16-26E, TCS, Sagility, Nifty, Akshat Agarwal