IT nightmare on loop, Accenture's 20% fall highlights AI disruption
· economictimes.indiatimes.com
Indian tech stocks experienced a sharp decline Friday, mirroring a significant drop in global IT giant Accenture due to weaker-than-expected revenue and order forecasts. The Nifty IT index plunged over 6%, with major players like Infosys and TCS seeing substantial losses. Analysts suggest valuations are now attractive but future growth remains uncertain amid AI advancements, advising caution for investors.
Agencies NIFTY IT TANKS 6%: Local stocks’ valuations in buy zone, but time’s not right to enter: Analysts
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