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PPFAS Mutual Fund makes contrarian bet on IT stocks

The Nifty IT index is down over 27% this year, driving a sharp compression in valuations. The gauge trades at 15.7 times 2026 estimated price to earnings, down from 21.2 times a year ago

The Hindu BusinessLineยท
AI summary

The Nifty IT index is down over 27% this year, driving a sharp compression in valuations. The gauge trades at 15.7 times 2026 estimated price to earnings, down from 21.2 times a year ago

What happened

The Nifty IT index is down over 27% this year, driving a sharp compression in valuations. The gauge trades at 15.7 times 2026 estimated price to earnings, down from 21.2 times a year ago

Why it matters

This business report is being tracked from The Hindu BusinessLine because it may affect readers, markets, policy, culture, or daily decisions.

Key facts
  • Category: business
  • Edition: IN
  • Fetched: Tue, 23 Jun 2026 06:30:56 GMT
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