India's IT services giants may struggle to justify their valuations when they kick off Asia's reporting season this week, as earnings are expected to be the weakest in years.
India’s tech sector index, which includes Infosys Ltd. and Tata Consultancy Services Ltd., rallied 12% in the three months through December, powered by a global rally in the space after a dovish pivot by the Federal Reserve.
Indian It Stocks: India’s tech sector index, which includes Infosys Ltd. and Tata Consultancy Services Ltd., rallied 12% in the three months through December, powered by a global rally in the space after a dovish pivot by the Federal Reserve. India’s tech stocks trade at about a 30% premium to the broader market. Improved sentiment aside, IT earnings remain under pressure.
India Tech Valuations Put to the Test as Global Headwinds Put Pressure on Earnings bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.