Tier-one IT stocks are trading close to their long-term average valuations, based on consensus estimates and a review of the past decade, said Girish Pai, Research Analyst and Head of Institutional Equity Research at BOB Capital Markets. He said stock prices could decline another 10-15% if earnings stay under pressure, which may create a potential entry opportunity for investors.
“It’s up in the air as to whether that’s going to happen at all or not. But if it does happen, then probably a 10-15% lower number from a stock price perspective would be a…
