ResultsEconomic Times
AI relief fails to lift legacy IT stocks
Negative-66
GreyOak summary
The Nifty IT index declined nearly 2% in November after surging in October, as earnings concerns weigh on legacy stocks. While mid-tier players like Persistent Systems and Tech Mahindra showed revenue growth, larger firms face pricing pressure and deflation.
What it affects
- Information TechnologyNegative -66
Legacy stocks stagnate on earnings worriesRolling sentiment Negative -23
