ADVERTISEMENT

Market Share Gain For Indian IT Companies To Continue: ICICI Direct

IT Sector Update - Market Share Gain For Indian IT Companies To Continue: ICICI Direct

<div class="paragraphs"><p>A person uses an illuminated keyboard.&nbsp; (Photographer: Krisztian Bocsi/Bloomberg)</p></div>
A person uses an illuminated keyboard.  (Photographer: Krisztian Bocsi/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

IT stocks had a phenomenal rally in the last three months as well as the last one year.

Large cap IT stocks in our coverage rallied from 64-210% in the last 12 months while the run up was from 6-38% in the last three months.

Nifty IT index also rallied 73% in the last one year, surpassing major Nifty indices of banks, FMCG, auto, pharma as well as the Nifty 50 benchmark index.

However, Nifty IT has seen some correction (8-10%) recently.

Now the obvious question for investors is whether this dip is an opportunity to invest further in IT stocks.

Click on the attachment to read the full report:

ICICI Direct IT Sector Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.