ICICI Securities has downgraded seven Indian IT stocks and turned negative on the sector due to protracted low-to-mid single-digit revenue growth expectations and pronounced downside risks.

India

Who

ICICI Securities

What

When

Thu, 02 Jul 2026 04:55:58 GMT · 2h 53m ago

Where

India ·

Why

Protracted low-to-mid single-digit revenue growth expectations and pronounced downside risks for the Indian IT sector.

The Frontline Impact

How this affects you

The downgrade by ICICI Securities suggests a potential negative outlook for the Indian IT sector, particularly large-cap companies, which could impact investor sentiment and stock performance.

Story chain

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Verified Sources & Citations

CNBC TV18
https://www.cnbctv18.com/market/it-stocks-infosys-tcs-hcltech-wipro-share-price-downgrade-q1-results-target-downside-risks-19936961.htm
HIGH

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