Steep decline in IT stocks provide good entry point for investors: 4 top stock picks – Economic Times

The poster boys of the markets in 2020 and early 2021, IT stocks are now taking a sound beating. The BSE IT index has been the worst performing index over the past three months. Recently, JPMorgan downgraded its IT sector rating to ‘underweight’ from ‘neutral’, on the belief that peak revenue growth is behind us and margins are likely to trend down. So is the party really over for the IT pack? For IT-related businesses, the onset of the

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