Risk reward unfavourble for IT stocks, says Investec
- Posted on October 5, 2024
- By Business News Today
- 4 Views
Risk reward unfavourble for IT stocks, says Investec
The Nifty IT Index surged 19.6% in the last 6 months against an up move of 11.1% in the benchmark Nifty Index in the same period. Investec said that the surge in the IT stocks has been in anticipation of a recovery despite the earning downgrades.
