Reports of my death are greatly exaggerated! Why Nuvama is screaming buy on all top 10 IT stocks
Analysis of this story by et_markets · 11 Mar 2026, 11:05 AM IST (about 2 months ago)
AI Analysis
The Indian IT sector has faced headwinds due to global slowdown concerns and fears of AI disruption, leading to valuation corrections. However, strong demand for AI services could be a significant growth driver, shifting focus from traditional services to new-age digital transformation.
Trading Insight
Look for long opportunities in large-cap and mid-cap Indian IT stocks, focusing on companies with strong AI capabilities and client spending exposure, with a stop-loss below recent support levels.
Quick check: TCS bearish bias (oversold), LTTS bearish bias (+1.4% 1d).
Key Evidence
- •Nuvama has upgraded all top 10 IT stocks to 'BUY'.
- •The brokerage believes fears about Gen-AI crippling India's IT services model are 'overblown'.
- •Valuations of IT stocks are at multi-year lows after an AI-driven selloff.
- •Nuvama argues the sector is poised for a comeback as AI services demand accelerates.
- •Oracle's strong results also put IT stocks in focus, with Nuvama noting attractive valuations after correction.
Affected Stocks
Sectors:Information Technology
Sources and updates
Original source: et_markets
Published: 11 Mar 2026, 11:05 AM IST
Last updated on Anadi News: 11 Mar 2026, 11:19 AM IST
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