scorecardresearchEdelweiss cuts price targets of IT firms by 11-37% but remains bullish on the sector; Here's why

Edelweiss cuts price targets of IT firms by 11-37% but remains bullish on the sector; Here's why

Updated: 22 Aug 2022, 01:15 PM IST
TL;DR.
Edelweiss has cut its target multiples by 11-37 percent for the IT stocks in its coverage and posted that the new upsides estimated in the stocks are between 15-64 percent. It has also revised earnings estimates for all these stocks under review.
Edelweiss has cut its target multiples by 11-37 percent for the Nifty IT stocks and posted that the new upsides estimated in the stocks are between 15-64 percent. It has also revised earnings estimates for all these stocks under review.

Edelweiss has cut its target multiples by 11-37 percent for the Nifty IT stocks and posted that the new upsides estimated in the stocks are between 15-64 percent. It has also revised earnings estimates for all these stocks under review.