Indian IT stocks may need valuation reset as growth slows, says Envision's Nilesh Shah
Nilesh Shah, Founder of Envision Capital, expects large IT companies to grow at 5–8% in rupee terms, supported by global GDP growth and currency depreciation. Shah believes valuations should adjust to around 15 times earnings, implying a potential 10–15% correction before the sector becomes attractive for investors.
Nilesh Shah, Founder of Envision Capital, expects large IT companies to grow at 5–8% in rupee terms, supported by global GDP growth and currency depreciation. Shah believes valuations should adjust to around 15 times earnings, implying a potential 10–15% correction before the sector becomes attractive for investors.
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