Tag Archives: Nifty IT index

it stocks: Reversal trend! Why it is the right time to invest in IT stocks – Blue Barrows

The IT industry witnessed a significant boom during the pandemic as the demand for digitalisation increased. As a result of the elevated demand, the industry had seen a significant rally in stock prices. In IT, industry growth and a high attrition rate are two sides of the same coin. The demand prompted aggressive hiring, talent […]

Investors: Investors shift bets from IT to bank stocks – Blue Barrows

Mumbai: Investors are shifting bets to banking stocks from the underperforming IT counters as the street expects Indian lenders to benefit from the economic recovery. In contrast, IT stocks are seen set for de-rating led by concerns over a US downturn that has prompted analysts to cut growth estimates, while margins are expected to be […]

IT stocks: Recession fears can pull IT stocks lower – Blue Barrows

Mumbai: Indian IT stocks may remain out of investors’ favour in the near term as growing concerns over recession in the US and Europe could erode companies’ earnings growth. Analysts see a likelihood of further downgrades with companies’ profit margins expected to come under pressure over the next few quarters. The Nifty IT index declined […]