'Trim your positions', CLSA advises on IT stocks; downgrades HCLTech, Tech Mahindra
The Nifty IT index is up 14% quarter-to-date, outperforming the broader Nifty, which has gained about 4% over the same period. According to CLSA, this sharp outperformance has pushed valuations closer to fair levels.
The Nifty IT index is up 14% quarter-to-date, outperforming the broader Nifty, which has gained about 4% over the same period. According to CLSA, this sharp outperformance has pushed valuations closer to fair levels.
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