Is it the right time to buy IT stocks? How to pick the best IT companies now?
IT stocks have been going through a lean phase. Over the last 3 years as of April 29, 2024, the IT index has delivered just 9% as against the Sensex’s 14%. The reason for this dismal performance by IT companies is the ongoing slowdown in demand in developed markets. Owing to a host of factors - including high inflation and interest rates in developed markets, geopolitical tensions, the US banking crisis - the Indian IT sector has suffered a steep decline in its revenue growth. But where is the IT sector headed? Is it poised for a turnaround? Or is there more pain in the offing? We try to answer these questions in this video.
We also discuss a framework that one can use to pick promising IT stocks now. There are also bonus stock lists that you can use to start picking IT stocks for your portfolio. Watch the video to find out how you can use these lists.
#ITstocks #ITindustryanalysis #ITstocksFuture
Link to the stocks lists: https://docs.google.com/spreadsheets/...
Video on renewable energy stocks: • How to pick the best Green Energy Stocks |...
Chapters:
00:00 Introduction
01:23 Why is the IT sector going through a tough phase?
03:12 Where is the IT sector headed?
07:39 How to profit from the recovery in IT?
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