SUMMARY
Jefferies has a 'buy' call on the shares of Larsen and Toubro with a target price of Rs 2,455 on its shares while CLSA says that IT major Accenture's Q1 result is ahead of guidance.
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Larsen and Toubro | Jefferies has a 'buy' call on the shares of Larsen and Toubro with a target price of Rs 2,455 on its shares. The brokerage house says that buoyant equity markets is helping company with its monetisation drive.
2 / 4IT companies | Morgan Stanley says that IT major Accenture has maintained guidance despite increased macro uncertainty. The brokerage also added that it saw limited triggers for re-rating of Indian IT companies in near term.
3 / 4IT companies | CLSA says that IT major Accenture's Q1 result is ahead of guidance. The brokerage also added that Infosys, TCS, HCL and LTIMindtree are top bets in this sector.
4 / 4IT companies | Nomura has maintained a cautious stance on demand outlook in the IT sector. The brokerage also said that consensus revenue growth estimate for FY24 may see a downward revision.
