ETMarkets’ Investors Guide: Should you ignore recession worries and buy IT stocks?

ETMarkets’ Investors Guide: Should you ignore recession worries and buy IT stocks?

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ETMarkets’ Investors Guide (ETMarkets.com)

Nikhil Agarwal | 11:34 Min | October 16, 2022, 3:55 PM IST

IT stocks have been among the worst sectoral performers on Dalal Street this year. The top 3 worst Nifty performers in 2022 are all IT stocks – Wipro, Tech Mahindra and HCL Tech.

Transcript

Hello, you have tuned into ETMarkets Investors’ Guide, a show about asset classes, investment ideas and market trends. I am Nikhil Agarwal.

IT stocks have been among the worst sectoral performers on Dalal Street this year. The top 3 worst Nifty performers in 2022 are all IT stocks – Wipro, Tech Mahindra and HCL Tech. As the quarterly numbers start pouring in, how should investors treat software exporters?

To discuss this and more, let’s talk to Mr Rajiv Nagpal, Head of Research and Market Products at ET in today’s special podcast.

Welcome to the show Mr Nagpal.
1) Both HCL and Infosys have raised their FY23 revenue growth guidance. Do you think the valuations of both these stocks are reasonably cheap?

2) There has been a lot of chatter around the possible impact of a global slowdown on margins and revenues of Indian software services exporters. Was the management talk soothing for investors or worrying?

3) Given the way largecap IT stocks have fallen so far in 2022, do you think the downside looks limited at this stage?

Thank you Mr Nagpal. That’s all in today’s special podcast. But do keep checking this space for more such interesting content. Good bye!

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