JPMorgan downgrades Indian IT sector but bullish on these 4 IT stocks
- Even as the global brokerage has remained underweight on the sector, it is overweight on only 4 Indian IT stocks
Since analysts at JPMorgan downgraded its Indian IT sector stance to underweight on 18 May, 2022, India IT performance has been volatile. Despite the recent sharp correction seen in IT stocks, Indian IT companies are still trading at around 40% premium to pre-Covid average multiples.
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