 "Infosys")
Morgan Stanley has increased the target prices of certain information technology (IT) stocks by as much as 29 per cent, anticipating an improvement in earnings in the near future. Within the IT and engineering research and development (ER&D) services sector, it is now more optimistic about growth and margin estimates for 2024-25 (FY25).
In a recent report, analysts at Morgan Stanley wrote in a recent report that, along with the stabilisation of macroeconomic risks, the conversion of pipeline projects into the order book (evidenced by numerous significant deal announcements) and commentary on the discretionary spending environment, though weak, not deteriorating
