{"id":63782,"date":"2022-09-16T14:14:00","date_gmt":"2022-09-16T08:44:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=63782"},"modified":"2022-09-16T14:12:10","modified_gmt":"2022-09-16T08:42:10","slug":"what-should-investors-do-with-tcs-infy-and-other-it-stocks-as-market-crashes","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/what-should-investors-do-with-tcs-infy-and-other-it-stocks-as-market-crashes\/","title":{"rendered":"What should investors do with TCS, INFY and other IT stocks as market crashes?"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3727778530\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The Indian Information Technology stocks are trading in red again on Friday. The NIFTY IT index shed 749 points or 2.46 per cent in the realty hours of Friday and was at 27,023. Till 12.30 pm all the ten stocks that form part of the index were trading in the red. So far this year, the NIFTY IT index has been corrected by more than 28% YTD.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3188396227\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The companies are majorly affected by the negative global cues. For instance, on Wednesday global firm Goldman Sachs announced that it will start laying off employees as they see a mounting risk of recession in the US.\u00a0<\/p><p>The technology stocks in the US saw a major sell-off just a day before that on Tuesday after inflation in August came in at 8.3 per cent, which was much faster than economists\u2019 expectations of 8.1 per cent. This led to a round of fear in investors as they expect the Fed to raise interest rates more aggressively now.\u00a0<\/p><p>This has a major impact on IT stocks as The US accounts for more than 65 per cent of revenues for most companies. A slowdown in the growth of the US economy will likely push clients to cut back on spending on IT services or delay the completion of ongoing projects.\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-12853770\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h4 class=\"wp-block-heading\" id=\"h-here-s-what-analysts-have-to-say\"><strong>Here\u2019s what analysts have to say:&nbsp;<\/strong><\/h4><p>Goldman Sachs has downgraded its rating to \u2018<strong>Sell\u2019<\/strong> for Infosys and curtailed its target price to Rs 1,244 from the previous Rs 1,722.\u00a0<\/p><p>Goldman Sachs has also downgraded its rating of Tata consultancy services (TCS) to \u2018<strong>Sell<\/strong>\u2019 with a target price of Rs 2,611 from the previous Rs 3,678.\u00a0<\/p><p>Further, the brokerage has slashed its targets for Tech Mahindra to <strong>sell<\/strong> at Rs 868 from its previous target of Rs 979.\u00a0<\/p><p><strong>However, CLSA has an &#8216;outperform&#8217; call on the shares of Wipro with a revised target price of Rs 460 which represents an upside of 12 per cent from the current levels.\u00a0<\/strong><\/p><p>&#8220;Wipro exuded confidence in meeting it&#8217;s 3 per cent-5 per cent revenue growth guidance for 2QFY23 and double-digit revenue growth in FY23,\u201d the brokerage said.\u00a0<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Anoushka Roy<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-532959197\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-2584676245\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The Indian Information Technology stocks are trading in red again on Friday. The NIFTY IT index shed 749 points or 2.46 per cent in the realty hours of Friday and was at 27,023. Till 12.30 pm all the ten stocks that form part of the index were trading in the red. So far this year, [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":15038,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1513,31],"tags":[3323,3305,2573,4031,2486,4107,4335],"class_list":["post-63782","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editor-pick","category-news","tag-infosys","tag-infosys-shares","tag-stock-market-crash","tag-stock-market-crash-2022","tag-tcs","tag-tcs-share-price","tag-tcs-share-price-targets"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What should investors do with TCS, INFY and other IT stocks as market crashes? - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/what-should-investors-do-with-tcs-infy-and-other-it-stocks-as-market-crashes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What should investors do with TCS, INFY and other IT stocks as market crashes?\" \/>\n<meta property=\"og:description\" content=\"The Indian Information Technology stocks are trading in red again on Friday. The NIFTY IT index shed 749 points or 2.46 per cent in the realty hours of Friday and was at 27,023. Till 12.30 pm all the ten stocks that form part of the index were trading in the red. 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