Indian IT stocks: CLSA says AI fears overdone, but cuts target prices amid valuation de-rating; picks top...
CLSA said that despite debate around AI-led disruption in Indian IT stocks, client spending behaviour, deal structures and service mix have not yet changed meaningfully. However, valuation remain under pressure, reflecting concerns over medium- to long-term growth visibility.
CLSA said that despite debate around AI-led disruption in Indian IT stocks, client spending behaviour, deal structures and service mix have not yet changed meaningfully. However, valuation remain under pressure, reflecting concerns over medium- to long-term growth visibility.
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