Morgan Stanley sounds caution on Indian IT; downgrades Infosys, prefers TCS

Q: How long will it take to read this news story?

The story "Morgan Stanley sounds caution on Indian IT; downgrades Infosys, prefers TCS" has 692 words across 18 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Morgan Stanley sounds caution on Indian IT; downgrades Infosys, prefers TCS" was covered 8 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 239 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #26913079</li><li>URL: https://beamstart.com/news/morgan-stanley-sounds-caution-on-17417607426112</li></ul>

Business Standard Logo Business Standard 8h ago

Morgan Stanley sounds caution on Indian IT; downgrades Infosys, prefers TCS - Business Standard

Quick Summary:

Among individual IT stocks, Infosys slipped over 5 per cent in intraday deals on Wednesday, after Morgan Stanley downgraded the stock to 'equal weight', and preferred TCS.

Historically, nominal US GDP growth rates were below 4 per cent in 2013, 2H15 and 2016 when overall IT services exports growth also slowed back home, it said."We expect revenue growth rates in FY26 and FY27 to recover from their low point in F24/25 helped partially by a recovery in Financial Services and hi-tech verticals.

Macro and other lead indicators, Morgan Stanley said in a recent note, are pointing to a slower recovery in revenue growth in F26 versus their prior expectations.