Large-Cap IT Trap: Single-Digit Growth, High PEGs Signal Downside | Sandip Agarwal | Business News #ETNOW
Large-Cap IT Trap: Single-Digit Growth, High PEGs Signal Downside | Sandip Agarwal | Business News
Sandip Agarwal cautions IT sector’s rally is tactical, not fundamental, with large-caps facing low single-digit growth and 4-5x PEG ratios; targets 13-14x multiples for entry. Favors ER&D growth (2x software) but dislikes 35-50x valuations. Bullish on consumer tech platforms like Nykaa, Zomato as future $1T giants, replacing IT services in portfolios.
#itsector #tcs #consumertech #er&d #nykaa #zomato #stockmarket #platformstocks #valuationcorrection #etnow
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