“After Q1 results, most analysts have downgraded earnings by roughly about 8% to 9% for FY23. As a result, everything has culminated into a reverse value versus earnings outlook for the IT space. This is going to be a correction in the IT pack. From a longer term standpoint, once a capitulation happens, it will create value but we need to wait for the right valuation before getting very bullish about the sector.” | Subscribe To Our Free Newsletter |
