Reports of my death are greatly exaggerated! Why Nuvama is screaming buy on all top 10 IT stocks

Nuvama says fears that Gen-AI will cripple Indias IT services model are overblown, invoking Mark Twains line that “reports of my death are greatly exaggerated.” After a sharp AI-driven selloff that pushed valuations to multi-year lows, the brokerage has upgraded all top 10 IT stocks to “BUY,” arguing the sector is poised for a comeback as AI services demand accelerates.