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Nifty IT index: Root cause of under performance, divergence in recos and price targets
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It appears the valuation adjustment for IT stocks continues at a time even when the whole market is extremely bullish. After witnessing minor up move, IT stocks are once again under pressure.
Because they are largely held by institutional investors, any pressure on large counters raises fears of a fresh round of delivery based selling in them. What is more interesting in the case of these stocks is that while the analysts have “buy”
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