Morgan Stanley has issued a cautious outlook for major Indian IT companies like TCS, Infosys, and HCL, predicting muted to negative revenue growth in Q1 FY27 due to delayed client decisions, pricing pressure, and heavy AI investments. The brokerage downgraded TCS to equal-weight and warned of significant market cap erosion, with the top IT firms having already lost around ₹17 lakh crore from peak
Read more
Share with:
