Technology Sector 2021 Outlook - A Year Of Physicalisation Of Digital? ICICI Securities
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Technology Sector 2021 Outlook - A Year Of Physicalisation Of Digital? ICICI Securities

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 Securities Report

2021 should present an acid test for the lofty expectations around Covid-19 led acceleration in cloud/digital adoption and cost savings.

Re-rating in Indian IT (up to approximately 41%, versus pre-Covid-19) hints at much taller expectations versus even global tech (MicroSoft, Amazon, Alphabet, ~3-17%).

More surprisingly, the consensus optimism on Indian IT seems to be ‘relatively’ pushed out into longer term.

These disproportionate/asymmetric expectations should correct in 2021.

Click on the attachment to read the full report:

ICICI Securities Technology Sector Outlook 2021.pdf

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