Why the Street is heavily divided on IT stocks

With the Nifty IT index still well off its peak, the market is torn between seeing a bottom and expecting more downside. AI promises a long-term boost, but near-term earnings and deal flow remain the sticking points.

6 Min Read

Indian IT stocks have struggled to win investor confidence this year. While the Nifty 50 is up nearly 10%, the Nifty IT index is down more than 14% year-to-date and among the worst performing indices.

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