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Mumbai: Valuations of Indian IT stocks have fallen to their cheapest levels since July 2020 after the recent selloff, opening up an opportunity for gradual accumulation over the next two years, said fund managers. The Nifty IT index is currently trading at a price-to-earnings multiple of 20.6 times, well below its five-year average of 29.16 and ten-year average of 24.4, making it the lowest valuation for the sector since the post-Covid period of July 2020. "The Indian IT sector is passing thro ...Read More >
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