<ul><li>Morgan Stanley advises against buying dips in Indian IT services stocks due to challenging macroeconomic environment and potential delays in decision-making that could impact revenue growth.</li><li>Most large-cap IT companies are expected to show weak fourth-quarter trends, with quarter-on-quarter growth ranging from -0.9% to +0.4% in constant currency terms.</li><li>Morgan Stanley's outlook suggests a cautious approach to Indian IT services stocks, emphasizing the need for careful consideration of macroeconomic factors and company-specific risks.</li><li>Morgan Stanley prefers Tata Consultancy Services (TCS) over Infosys due to TCS's downside support from its dividend yield.</li></ul>

Morgan Stanley Warns Against Buying Dips In Indian IT Services

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