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Goldman downgrades Infosys & TCS stocks to 'sell', upgrades Wipro's: Report
short by Dharini Mudgal / on Wednesday, 14 September, 2022
Goldman Sachs has reportedly downgraded Indian IT service providers Tata Consultancy Services and Infosys' stock to "sell" from "buy". It cited a potential slowdown in dollar revenue growth in the face of impending macroeconomic stress for downgrading the stock. Meanwhile, it has upgraded Wipro's stock to "buy" from "sell," citing attractive valuations and a recent pickup in Wipro's order book.
read more at Hindustan Times