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Jefferies cuts targets on IT stocks by up to 33%

Jefferies downgraded price targets for IT stocks, cutting estimates by up to 33%. Infosys target reduced to ₹1,290 from ₹1,880, reflecting structural risks in the sector. The firm noted a 16% decline in IT stocks this year, indicating further downside potential.

after close1 source ↓written by the desknot a recommendation

to ₹1
31%
are lowered
1–4%
in IT stocks
16% fall
33%

Global brokerage Jefferies has downgraded price targets for several IT stocks, citing structural risks and a potential shift in business models due to artificial intelligence. Target prices for Infosys have been slashed by 31% to ₹1,290, while EPS estimates are lowered by 1–4%. With a 16% fall in IT stocks this year, downside risks remain significant.

• Price targets cut by up to 33%

• Infosys downgraded to Hold from Buy

• Current market price at ₹1,352

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 23 Feb 2026, 16:02 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

INFY closed −3.9% on the day of the news, from ₹1,327.50 to ₹1,275.50; Nifty −1.1% over the same session; futures OI +4.1%.

Bulletin at 16:02 IST on 23 Feb 2026. Every change is measured from ₹1,327.50, the last close before it, on 23 Feb. Nifty 50 is measured over the same sessions.

  • INFY close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
INFY closes around the bulletin against the close before the news, with Nifty 50 rebased to it118913281466axis spans 23%before the news · 23 Feb1328Nifty 50INFYbulletinD0+1+3+517 Feb27 Feb11 MarFutures open interest, lotspeak 2.3 LReference close ₹1,327.50. 16 sessions from 17 Feb to 11 Mar; the price axis spans 23 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before23 Feb₹1,327.50basebase
On the day24 Feb₹1,275.50▼ −3.9%▼ −1.1%−2.8 pp difference
+1 session25 Feb₹1,290.10▼ −2.8%▼ −0.9%−1.9 pp difference
+3 sessions27 Feb₹1,300.10▼ −2.1%▼ −2.1%0.0 pp difference
+5 sessions4 Mar₹1,307.40▼ −1.5%▼ −4.8%+3.3 pp difference
Gap at the open, % · ₹
▼ −2.0%−26.55 on 24 Feb
Day's range, % · ₹
3.0%≈ 40 high to low
Volume on the day
1.89×the 20-session average
Futures OI on the day
▲ +4.1%+9,100 lots · short build-up · price −3.9%
Futures OI open, lots
2.3 L24 Feb · 24 Feb expiry
Futures premium, ₹
+0.90+0.1% to spot
Puts per call, by OI
0.38from 0.48 the session before
Max pain
1,400from 1,400 the session before

Source NSE UDiFF bhavcopy · INFY on the desk →

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