Indian IT stocks may be bottoming out as global AI trade cools, says Bajaj Alts CIO
Valuations of Indian information technology (IT) stocks have fallen to multi-year lows and may have bottomed out, potentially attracting investors as enthusiasm for artificial intelligence (AI) stocks globally begins to fade, according to Jitendra Gohil, CIO-Listed Equities at Bajaj Alts. While the broader market has recently fallen 6% to 7%, the IT index has gained…
