HSBC says Indian IT valuations are near the bottom as AI impact peaks in FY27
HSBC India expects the Indian IT sector to remain under pressure in FY27 as artificial intelligence-led pricing pressure weighs on earnings, but believes valuations have already factored in much of the weakness, limiting the downside for stocks. According to Yogesh Aggarwal, Head of Research at HSBC India said, “FY27 is likely to be the worst … Read more
