Negative impactCorporate Action
Traditional IT is cheap, but Abakkus is still staying away. Aman Chowhan explains why
CNBC-TV18 9 hrs ago·12 Nov 2026, 10:42 am
Abakkus Asset Manager is holding back from the traditional IT sector despite its improving valuations. The fund manager prefers to focus on profitable digital businesses instead. This cautious approach suggests that while the IT market may look attractive on the surface, the firm is prioritizing companies with more stable and proven earnings models over broader market trends.
This strategic shift highlights a key difference between traditional IT services and digital businesses. While IT stocks have seen some gains, Abakkus believes the long-term growth potential lies in sectors like manufacturing and capital goods. Investors should pay attention to how these specific sectors perform, as they are currently viewed as having stronger multi-year opportunities compared to the IT space.
Excerpt from CNBC-TV18
Published On Nov 12, 2026 | 16:12 IST Last Updated On Nov 12, 2026 | 16:12 IST Abakkus Asset Manager is maintaining its focus on profitable digital businesses while steering clear of traditional IT services despite improved valuations. Fund Manager Aman Chowhan also sees a multi-year opportunity in manufacturing and…Read the original at CNBC-TV18
Key takeaways
- Category: Corporate Action.
- AI reads the tone as negative (potentially bearish) for the stock.
Why it matters
A routine update. The tone is negative — watch for downside reaction. Use the price and stock snapshot to gauge how the market is responding.
