Nomura expects IT firms to see 'anaemic' growth in FY27. Here are latest target prices for Infosys, TCS, and others

Nomura expects anaemic growth for Indian IT companies in FY27 as macro uncertainty and weak tech spending weigh on demand ahead of Q1 earnings. Despite near-term headwinds, the brokerage sees long-term opportunities from AI-driven changes, with IT firms potentially expanding their addressable market. Nomura has updated target prices for major players including Infosys and TCS.