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Nomura Global Markets Research has cut its target price for several Indian information technology companies by 3-21% as it expects revenue growth to be slower due to uncertainty around US tariffs. The brokerage firm has cut the target price of Tech Mahindra Ltd., Infosys Ltd., Wipro Ltd., HCL technologies Ltd., and Tata Consultancy Services Ltd. by 14%, 12%, 10%, 8%, and 6% to INR 1,640, INR 1,950, INR 300, INR 1,840, and INR 3,890, repsectively. However, it has kept their rating unchanged – it has 'buy' rating on all these companies except TCS, on which it has a 'neutral' rating.
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