How to approach IT stocks amid tighter monetary policy, recession fears?

According to Jefferies, analysts' consensus revenue growth estimates for CY24 have been lowered for top clients of all IT firms, barring Wipro, with the highest cuts for HCL Tech and Tech Mahindra

Puneet Wadhwa | New Delhi
Last Updated at March 9, 2023 14:26 IST

Markets, market, slump, slowdown, correction

The tighter-than-expected monetary policy by the US Federal Reserve (US Fed) in the backdrop of higher inflation and the possibility of a recession in the later part of calendar year 2023 (CY23) is likely to weigh on Indian information technology (IT) companies, said analysts. This, in turn they said, can keep the IT stocks in check over the next few months.

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