Buy or avoid India's IT stocks after recent job cuts? 3 pros share their take
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最新报道：India's IT sector faces layoffs and muted earnings, with Tata Consultancy Services cutting 12,000 mid-to-senior roles (2% of workforce) citing skillset mismatches, while Infosys slowed hiring and Wipro trimmed staff. Portfolio managers like Janus Henderson's Sat Duhra exited Indian IT stocks, citing low single-digit growth and unfavorable valuations compared to regional peers like Alibaba and Tencent. The Nifty IT Index fell 20% YTD, underperforming Asian tech indices. Nomura's Abhishek Bhandari notes Indian IT firms, focused on services, face economic headwinds, while hardware-centric regional players benefit from AI-driven demand. Despite sector challenges, Infosys (target: ₹1,880, +31.9% upside) and mid-cap Coforge (projected 30% revenue growth) remain top picks. M&G's Vikas Pershad warns valuations lack catalysts, though AI integration may create new opportunities.
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