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Morgan Stanley Expects ‘Slower Growth Phase’ For IT Firms Till September 2023

Risk reward is less favourable for India’s information technology services sector, given two-year earnings CAGR will moderate, according to Morgan Stanley.The financial services provider assigned key ‘overweight’ on Infosys Ltd., Tech Mahindra Ltd. and Mphasis Ltd., while it remained ‘underweight’ on Wipro Ltd., HCL Technologies Ltd. and Cyient Ltd., according to its investor presentation on technology and telecom sectors released on…

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