Citi sees more pain for TCS, Wipro, HCLTech; Recommends ‘Buy’ on just 2 IT stocks
- Posted on September 29, 2026
- By Financial Express
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- 1 min read
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Citi sees more pain for TCS, Wipro, HCLTech; Recommends ‘Buy’ on just 2 IT stocks
Citi expects another subdued year for Indian IT services as uneven demand and AI-driven pricing pressure weigh on growth. TCS, Wipro and HCLTech face a cautious outlook, while Infosys and Mphasis have target prices above the levels cited in Citi’s valuation table.
