Big IT companies' performance faltered but smaller companies did better and are also more confident about the future. There's a key takeaway for investors too
The seasoned investor is also bullish on defence, hospitals, midcap IT, infra, and logistics
A combination of factors—attractive valuations, outperformance on revenue growth, new leadership, a sharper focus on a few sectors and nimbleness—is helping these companies pull ahead, according to experts.
The RBI so far has cut interest rate three times this year but with the Governor Raghuram Rajan warning that he would not cut if poor monsoons drove the prices up and threatened inflation, the stock markets has been focused on weather forecasts.
Indian IT industry has seen a massive expansion in the last decade. This industry signifies India's position as the knowledge-based economy with a sustainable growth rate. In an interview on CNBC-TV18, Ashwin Mehta, IT Analyst from Nomura India said that the Indian IT sector will keep marking growth and he is very positive about it.