India IT Services Companies' BFSI Segment Likely Holding Up Well -- Market Talk

Dow Jones
07/01

0556 GMT - India IT services companies' banking, financial services, and insurance segment is likely holding up well, Nomura's Abhishek Bhandari says in a research report. The brokerage's channel checks suggest demand remains healthy in the BFSI segment, supported by strong results from global banks and no significant impact from tariff issues. Nomura increases target multiples by around 9%-10% for large-cap Indian IT services companies as momentum in the BFSI segment will likely cushion headwinds in other segments. The brokerage's top picks are Infosys, Coforge and eClerx Services, all with buy ratings. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

July 01, 2025 01:56 ET (05:56 GMT)

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