wipro: Buy, Sell or Hold: Morgan Stanley maintains overweight on LG Electronics; Citi recommends sell on Wipro
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Brokerage calls diverge across India’s tech space as analysts balance optimism in exports, AI, and manufacturing integration. Synopsis Brokerages shared a mixed outlook on India’s IT and tech-linked companies, highlighting both opportunities and near-term hurdles. Morgan Stanley remained positive on LG Electronics India and Kaynes Technology due to export growth and margin expansion drivers. Citi maintained a cautious stance on Wipro despite traction in BFSI and healthcare. Overall sentiment emphasises execution, efficiency, and new growth catalysts such as AI and manufacturing integration. Brokerage sentiment remained mixed across Indian IT and technology-linked names, with analysts flagging both structural opportunities and near-term challenges.While Citi reiterated its cautious stance on Wipro despite improvement in select verticals, Morgan Stanley delivered a more balanced outlook on Kaynes Technology as it scales operations and prepa...