IT stocks have been under tremendous pressure. Shares of all the Big 4 IT companies – TCS, Infosys, Wipro and HCL Technologies – hit fresh 52-week lows last week. Is it because of FII selling, fears of recession in the US or something else is brewing?
In today’s special podcast with independent market expert Rajiv Nagpal, let’s try to understand what investors should do with IT stocks in a downtrend market.
Welcome to the show Mr Nagpal.
1) If there is a recession in the US, do you think the revenues of Indian IT services might get impacted as well? If yes, to what extent?
2) The market agrees that IT is a long-term bet but what is the outlook for the next 6 months? Are the valuations attractive in select Tier-1 IT stocks?
3) Following the 5 per cent correction in Nifty we saw last week, which pockets of the market do you think have become more affordable now?
Thank you Mr Nagpal. That’s all in today’s special podcast. But do keep checking this space for more such interesting content. Good bye!