Jefferies upgrades Indian IT sector, adds Infosys to portfolio

Jefferies upgraded its stance on the Indian IT sector from underweight to neutral on July 27.

Jefferies added Infosys Ltd. to its model portfolio and raised its weightage on Coforge.

The upgrade was driven by a softer negative stock reaction to sector news and potential tactical upside from a reversal of the AI trade.

Infosys cut the upper end of its FY2027 revenue growth guidance to 1.5%-3%, but its stock fell only 0.8% on the day.