IT stocks face heat on D-Street, emerge as worst BSE 100 performers
We have not sold anything. Even if there is a global position, the best way global companies can cut costs is by moving to India but in the near term, momentum is not there because there is margin pressure,” he said.The majority of IT counters have missed Street estimates in June 2022 quarter and their margins have remained under the pressure, facing the biggest earnings challenge in more than a decade.
