There is a ruckus in the market. On the first day of the march series, the market played a red Holi. On February 28, the market closed at a low -lying level about 9 months. While all the sectors were closed in the red mark, the IT sector was the most beaten. On February 28, the IT index slipped about 4 percent. The Nifty IT index slipped about 19 percent from its peak and lost 3000 points within 4 days of breaking 200 DMA. Sector legendary companies have slipped up to 30 per cent from their peaks.
What is the reason for the fall
Actually, there are many types of conscience about the sector. The growth outlook of companies is not positive. Capgemini shares have fallen due to vigilant outlook. Capgemini’s booking fell 0.5% to 23.8 BN pound in 2024 on a year-on-year basis. Us visa restrictions and changes are possible to affect the cost.
At the same time, the Extense has postponed the promotion of employees for 6 months. The company has decided to postpone promotion due to sluggishness in the consultancy industry. It is a challenging time for the consultancy industry. Client is cautious about the cost of the consultancy industry.
30% broken shares from peak
If we look at the IT sector legendary companies, LTIM, Emphasis shares have lost 30 per cent from their peak, Koforge, TCS share 22 per cent, HCL Tech, Persist share share 20 per cent, LTTS share 17 per cent, Tech Mahindra 16 per cent, Infosys 15 per cent and Wipro share 7.5 per cent.
In such a situation, if you are also suffering heavy losses in shares like Ltimindtree and Tata Alexi, then what investment strategy should you now adopt? Stating CNBC-Awaaz managing editor Anuj Singhal Said that Ltimindtree There is a company in which it seems bad to advise to book a loss. The loss in the stock is just a misfortune. To make up the loss in the stock, even if they do not do an average, but do not book loss from it. There is a need to have a little more courage in this stock because this stock is not in the shares of the category that you sell in big losses. If you are long term investors and you have some other time to keep such stock in portfolio.
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