IT stocks rally ahead of Q4 result reports; Rupee tailwind triggers EPS upgrades
The IT sector has had a volatile run. In Q4, the Nifty IT index plunged 24% compared with a 14% decline in the Nifty. However, the trend reversed in March, where IT showed resilience. While the Nifty has fallen 10% since March, the IT index has remained largely flat, suggesting that a significant portion of…
