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Morgan Stanley ups target price of IT stocks by up to 29%

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).
Gaurav Rateria Sulabh Govila Uttam Ghosh Rediff Tata Consultancy Services Morgan Stanley Lt Technology Services
Source: rediff.com

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