IT stocks end 5-year winning run as 2022 turns worst since 13 years
Credit Suisse’s India Equity Strategist Neelkanth Mishra said once monetary tightening in the US starts to weaken the labour market, IT services firms would also see earnings cuts. In our view the point at which the job market in the US starts to show pressure, and company management begins to talk about weak order flow would be a good time to take a fresh look at this sector.
