Hot Stocks: Axis Capital upgrades Infosys; Investec reiterates sell on Wipro
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Brokerage firm Investec reiterates its cautious stance on Wipro, citing limited downside but potential capital allocation improvements, Axis Capital upgrades Infosys, driven by growth stability and efficiency gains. Meanwhile, Goldman Sachs maintains a bearish outlook on D-Mart, pointing to rising competitive pressures and limitations in market penetration. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Investec on Wipro: Reiterate Sell| Target Rs 290| LTP Rs 307| Downside 5% Investec has reiterated its "Sell" rating on Wipro, setting a target price of Rs 290, which reflects a downside of approximately 5% from the current market price of Rs 307.The brokerage anticipates an improved capital allocation strategy and enhanced shareholder payouts from the company. Given that Wipro holds a significant cash reserve of $6.1 billion, Investec believes that the company’s new capital alloc...