- Nomura analyzed India's growth durability and noted that the Iran conflict is causing a terms-of-trade shock.
- Nomura tracks Indian IT sector performance closely.
Nomura revised target prices for Infosys, TCS, and BirlaSoft, while noting geopolitical tensions affect client spending.
1 report, 1 independent
Updated Jul 1
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What happened
Nomura revised target prices for Infosys, TCS, and BirlaSoft, while noting geopolitical tensions affect client spending.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Infosys
Indian multinational technology company
- A market sell-off is underway, causing steep declines in the shares of major IT service providers including Infosys, Wipro, HCL, Larsen & Toubro, and Bharti Airtel.
- On September 28, 2026, the market experienced a crash: Infosys was the only Sensex stock to close higher, while Larsen & Toubro was the biggest loser.
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Tata Consultancy Services
Information technology consulting company
- Major Indian IT companies, including TCS, Infosys, Wipro, and HCL, are currently locked in a fierce competition for market leadership, with TCS also vying with Reliance Industries.
- Major Indian IT companies including TCS, Infosys, Wipro, and HCL experienced significant stock price declines on January 1, 2026, amidst market corrections and expert commentary on TCS.
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BirlaSoft
Indian multinational technology company
Nothing else this week.