JPMorgan Downgrades HCL Tech, Wipro & Tata Technologies to Underweight with Sharp Target Cuts

JPMorgan signals broad bearish turn on Indian IT, slashing HCL Tech's target by 27% and moving three names to Underweight amid fears of demand slowdown, spending cuts, and margin pressure.

ndtv-profit-business · 6/28/2026, 12:03:43 PM · Ask about this →