VERIFIEDET Stocks·25 Jun 2026negative

JPMorgan turns cautious on IT, sees growth headwinds ahead

AI Summary

·JPMorgan anticipates challenges for Indian IT firms over the next two years due to uncertain demand and economic headwinds.
·The brokerage has downgraded several stocks, including HCL Technologies and Wipro, citing current valuations.
·Analysts foresee reduced revenue growth forecasts for FY27, with a softer start to the year impacting usual first-half strength.