Morgan Stanley ups target price of IT stocks by up to 29%

Among individual stocks, Morgan Stanley has maintained their overweight rating on HCLT, LTIMindtree and Infosys within the large-caps. Illustration: Uttam Ghosh/Rediff.com Morgan Stanley has......

Has correlation between Nifty IT index and NASDAQ ended?

Calendar year 2023 (CY23) has thus far proved to be a good year for select information technology stocks. In the US, for instance, the tech-heavy NASDAQ has rallied nearly 18 per cent thus far in......

Indian IT services firms likely to post muted revenue growth in Q4

IT services firms’ revenue growth in the fourth quarter will be affected by macro-driven headwinds, lower working-days, and the fact of the three-month period being low season. Illustration:......

Adverse action on audit firms may put IT cos in a spot

Currently, Deloitte, EY and KPMG with their associates work as statutory auditors of most of the top league domestic IT services firms.Owing to many alleged auditing lapses, the regulators have......