{"id":1017721,"date":"2026-06-30T08:47:40","date_gmt":"2026-06-30T03:17:40","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1017721"},"modified":"2026-06-30T09:00:53","modified_gmt":"2026-06-30T03:30:53","slug":"jp-morgan-downgrades-hcl-tech-wipro-to-underweight-prefers-tcs-infosys-coforge","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/06\/30\/jp-morgan-downgrades-hcl-tech-wipro-to-underweight-prefers-tcs-infosys-coforge\/","title":{"rendered":"JP Morgan downgrades HCL Tech, Wipro to \u2018Underweight\u2019; Prefers TCS, Infosys, Coforge"},"content":{"rendered":"<p>Indian IT services companies are likely to face another challenging earnings season according to JP Morgan. As AI-led disruption, delayed deal conversions and cautious client spending weigh on growth, the brokerage lowered medium-term growth estimates across the sector <\/p>\n<p>JP Morgan cut valuation multiples and downgraded HCL Tech, Wipro and Tata Technologies, \u201cWe do not expect large-caps to hit mid-single-digit growth and hover around 3-4% revenue growth. Our top Overweights remain Tata Consultancy Services, Infosys, Tech Mahindra, Coforge, Persistent and Sagility,\u201d JP Morgan said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian IT services companies are likely to face another challenging earnings season according to JP Morgan. As AI-led disruption, delayed deal conversions and cautious client spending weigh on growth, the brokerage lowered medium-term growth estimates across the sector JP Morgan cut valuation multiples and downgraded HCL Tech, Wipro and Tata Technologies, \u201cWe do not expect large-caps to hit mid-single-digit growth and hover around 3-4% revenue growth. Our top Overweights remain Tata Consultancy Services, Infosys, Tech Mahindra, Coforge, Persistent and Sagility,\u201d JP Morgan said.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-1017721","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1017721","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1017721"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1017721\/revisions"}],"predecessor-version":[{"id":1017742,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1017721\/revisions\/1017742"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1017721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1017721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1017721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}