Fear of Unknown: Is $250 billion IT biz facing its Kodak moment?
As Indian IT stocks bleed out, some down as much as one-third from their recent peaks, investors are asking something that would have seemed heretical just two years ago: can India's $250 billion technology services industry survive the AI revolution, or is it destined to become the next Kodak?
Wipro shares have shed 33% from its 52-week high. TCS, the sector's anchor, is down over 30%. Coforge has lost more than 30% of its value. Infosys is down 25%, LTIMindtree 21%, while HCL Tech and Tech Mahindra are nursing losses of 18-19%. In a single month, stocks across the sector have lost up to 21% of their value and the bear calls are growing louder.
Wipro shares have shed 33% from its 52-week high. TCS, the sector's anchor, is down over 30%. Coforge has lost more than 30% of its value. Infosys is down 25%, LTIMindtree 21%, while HCL Tech and Tech Mahindra are nursing losses of 18-19%. In a single month, stocks across the sector have lost up to 21% of their value and the bear calls are growing louder.
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