HSBC Reassesses India IT Landscape: Cuts Target for L&T Tech, Raises Targets for Hexaware and Coforge

Unknown Apr 02, 2026 1,000 Views

HSBC has recalibrated its outlook on three major Indian IT players, signaling a mixed bag of sentiment across the sector. L&T Technology Services (LTEH.NS) saw its target price cut to ₹4,790 from ₹5,065, reflecting concerns over muted growth and margin compression. The downgrad...