Moneycontrol PRO

business

Despite lucrative valuations IT remains a sell: Nirmal Bang

Speaking to CNBC-TV18, Rahul Arora said the current valuations of IT companies do look compelling but the return on investor capital has come down substantially. Not only is the basic business model being challenged but the topline growth has also been subdued, which is why Nirmal Bang has a sell call on IT, he said.

first published: Jan 19, 2017 12:58 pm

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347