Quote on IT stocks by Arun Kailasan, Research Analyst, Geojit Investments Limited
Below the Quote on IT stocks by Arun Kailasan, Research Analyst, Geojit Investments Limited
"Indian IT stocks advanced sharply as investors reassessed the pace of AI-led disruption following comments from executives at leading AI companies advocating slower, more regulated development of frontier models. The remarks eased fears of an abrupt displacement of traditional IT services models and implied a longer runway for domestic firms to reskill, reposition business models and monetise AI-linked opportunities. Improving sentiment, undemanding valuations combined with rupee depreciation which lifts realisations and margins on dollar-denominated earnings drove fresh buying across frontline names."
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