IT sector sees mild recovery in client spending, with stocks of major companies like Coforge and Infosys rising 2-6%.

The IT sector is poised for a mild recovery in client spending, with stocks of major companies like Coforge and Infosys rising 2-6%. Motilal Oswal Financial Services upgraded Coforge to a 'Buy' with a target of INR 8,100, citing growth potential from its Cigniti acquisition. Key recovery factors include possible US interest rate cuts, evolving work distributions between Global Capability Centers, and a shift towards sustainable growth in IT services.

September 10, 2024
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