InvestorQ : Can I buy IT stocks as defensive bets? I am talking about Infosys and TCS. How they be in the portfolio now?
Arti Chavan made post

Can I buy IT stocks as defensive bets? I am talking about Infosys and TCS. How they be in the portfolio now?

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12 months ago
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Let me quickly point out that IT sector in India has not been immune to the crash or defensive any longer. The losses are actually quite staggering. In less than 15 days, the top 3 IT firms in India have lost close to $31 billion as fears of a global slowdown come home to roost. 

IT firms could face serious compression in global orders and also execution margins and in some cases, they are also expecting payment delays. TCS has seen value erosion to the tune of $21 billion while Infosys has seen value erosion to the tune of $7 billion.

IT stocks are quoting at 52-week lows. In fact, FMCG has turned out to be a better defensive in this market.





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Jeet answered.
12 months ago
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They are quite stable stocks you may proceed they are quite safe stocks in market right now

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Purvesh answered.
12 months ago
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We are getting Infy at a very low rate. Just buy at your price.

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