Accenture's slump signals headwinds for Indian IT, with Sandip Sabharwal viewing them as trading plays rather than long-term investments due to macro and AI threats. While Bata India sees a management change, Sabharwal urges caution, emphasizing execution over announcements. He also dismisses high valuations in the EMS sector, pointing to autos as a potential opportunity.
Sandip Sabharwal suggests Indian IT stocks are a trade, not a long-term investment, citing Accenture's recent slump and ongoing macro and AI challenges. He advises caution on Bata India's management change, emphasizing execution. Sabharwal also dismisses high valuations in the…
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