JPMorgan turns cautious on Indian IT growth outlook

24 Mwezi wa sita, 2026

Imeripotiwa na AI

JPMorgan has downgraded its view on Indian IT companies, forecasting weaker demand and multiple headwinds over the next two years. The brokerage lowered ratings on several stocks including HCL Technologies and Wipro.

JPMorgan anticipates challenges for Indian IT firms over the next two years, citing uncertain demand and a mix of technology and economic headwinds.

The brokerage has downgraded several stocks, including HCL Technologies and Wipro, due to current valuations not reflecting these concerns.

Analysts foresee reduced revenue growth forecasts for FY27, with a softer start to the year impacting the usual first-half strength.

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