23 Sep 2025 | 5 Mins Read
Nomura Names Infy and HCL as Potential Movers
Flipitmoney
Nomura has a buy rating on several IT stocks with targets: Infosys (Rs 1,880, 22% upside), HCL Tech (Rs 1,810, 23% upside), Wipro (Rs 310, 21% upside) and Tech Mahindra (Rs 1,810, 16% upside) among large caps, and Coforge (Rs 2,100, 17% upside) and Firstsource (Rs 410, 9% upside) among midcaps. The H-1B fee hike's worst-case impact is 10-100 bps on margins.