IT stocks’ target cut up to 21%; Morgan Stanley bullish only on one stock, sees nearly 14% upside – Check company, target – Markets

Other frontline IT companies also faced cuts. Infosys’ target price was reduced to Rs 1,112 from Rs 1,380, while Wipro saw its target lowered to Rs 161 from Rs 192. HCL Technologies and Tech Mahindra were similarly impacted, with revised targets of Rs 1,105, down from Rs 1,410 and Rs 1,160, down from Rs 1,410, respectively.