Too much pessimism circulating for such respectable stock. I believe that the company, management, structural advantage is excellent and is not going to go away anytime soon. But the thing is, in 2021, market became too optimistic for IT cos. and that reflected in their share prices. Now when UK, US, etc. is going through high inflationary environment, cos. that depended on those clients are facing a setback. And this quarter’s results also came not so good. I believe there can be more pain ahead as Nifty It head towards 26400 levels. and this can extend till 8-12 months more. As valuations will meet reality. But nothing wrong with the co. for the long term.
Disc.- Not invested. looking to build positions at lower levels for the long term
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