1/10/2024, 4:56:02 pm

Explained: Why brokerages are divided on Indian IT sector

On Tuesday, October 1, the Indian IT sector drew attention due to fresh insights from major brokerage firms. Major brokerage firms have differing opinions on the Indian IT sector, with CLSA citing an unattractive risk-reward profile due to high valuations and lack of earnings revisions, while Morgan Stanley sees potential for early stages of a recovery cycle.