Neutral impactSector
Axis MF's Shreyash Devalkar on why India's IT stocks are still a tactical bet
CNBC-TV18 1 hr ago·4 Nov 2026, 10:47 am
Shreyash Devalkar, a fund manager at Axis Mutual Fund, believes Indian IT stocks remain a tactical option for investors. He argues that for these companies to justify their current valuation, they must achieve high single-digit growth in dollar-denominated revenue. This metric is crucial because it reflects the sector's ability to expand globally and maintain profitability.
Devalkar highlights two key external factors that could support the sector's performance. Lower crude oil prices are beneficial for the Indian economy, while cooling US bond yields are expected to ease pressure on global technology spending. These conditions could improve the overall investment case for IT companies.
Investors should watch for quarterly earnings reports to see if companies are meeting their revenue growth targets. The sector's performance will likely depend on how well these firms navigate global economic conditions and manage their costs. Keeping an eye on these indicators will help assess the sector's future trajectory.
Excerpt from CNBC-TV18
Published On Nov 4, 2026 | 16:17 IST Last Updated On Nov 4, 2026 | 16:17 IST Axis MF's Shreyash Devalkar says Indian IT companies need to deliver dollar revenue growth in the high single digits to establish a sustainable investment case. He also identifies lower crude oil prices and cooling US bond yields as key…Read the original at CNBC-TV18
Key takeaways
- Category: Sector.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update worth tracking. Use the price and stock snapshot to gauge how the market is responding.
