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Nifty IT delivers worst first half of a calendar year since 2001; Analysts warn of further downside

CJPN24 AI Desk•••2 min read
Nifty IT delivers worst first half of a calendar year since 2001; Analysts warn of further downside
Nifty IT delivers worst first half of a calendar year since 2001; Analysts warn of further downside
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Key Points

  • By Reema Tendulkar The Nifty...

Morgan Stanley warns that the derating story is not over yet as largecap IT stocks bottomed out previously at a multiple between 11 times to 13 times, and therefore, it sees scope for further downside from current levels.

By Reema Tendulkar
The Nifty...

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Source: CNBC TV18

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