I mean AI remains a threat, but they have gone down a lot.
Will they be able to reshape their business to take advantage of new models?
IT stocks could be a good hedge against weakening INR as well.
Is it a good idea to get in? Infy/HCL around 1200, TCS 2200?
It’s better to stay away from the IT sector for now. Even a market leader like TCS has corrected by more than 50% from its highs. Until the impact of AI becomes clear and corporate earnings improve, catching these falling stocks is highly risky. Better to wait for a clear trend reversal.