IT stocks in focus after Oracle’s strong results; Nuvama says valuations now attractive after correction
Analysis of this story by et_markets · 11 Mar 2026, 9:49 AM IST (about 2 months ago)
AI Analysis
The IT sector is currently navigating the dual forces of global demand and the transformative impact of AI, leading to a re-evaluation of growth prospects and valuations. Oracle's performance provides a positive data point for the broader tech landscape.
Trading Insight
Key Evidence
- •Oracle reported stronger than expected quarterly results.
- •Oracle raised its revenue outlook.
- •Nuvama stated that a recent 20% correction has made Indian IT stock valuations attractive.
- •Concerns over AI disruption have contributed to the recent correction.
- •Near-term volatility may continue as the industry adapts to Gen AI.
Affected Stocks
As a leading Indian IT service provider, it will benefit from positive sentiment in the sector driven by Oracle's strong results and attractive valuations.
Similar to TCS, Infosys is a major Indian IT player and will likely see positive sentiment due to the sector's improved outlook and attractive valuations.
Wipro, another large Indian IT company, stands to gain from the renewed interest and positive sentiment in the IT sector.
HCL Tech, a prominent Indian IT services firm, will likely experience a positive impact from the overall sector optimism.
Mid-cap IT companies like LTTS could also see a positive spillover from the improved sector sentiment and attractive valuations.
Sources and updates
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