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Is it a good time to bet on software stocks?

If the higher payscale for H1B visa holders gets approved, IT companies will face margin pressure 

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Published 5 years ago on Jan 23, 2017 1 minute Read

Pankaj Pandey, head-research, ICICI Securities

The outlook remains weak for IT stocks and we could see further de-rating. Growth challenges persist and unless there is a major shift in the IT sector’s earnings trajectory, IT stocks will remain range-bound.

While valuations have seen a sharp correction, there needs to be a significant improvement in the demand environment for multiples to

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