Be careful about chasing IT stocks from here on

IT stocks are slightly in the overvalued territory and I will be very careful in chasing these stocks from here on, says Sridhar Sivaram, Investment Director, Enam Holdings. Among the top four IT names, TCS has a PE multiple of 25-26 times, Infosys north of 20, Tech Mahindra, Wipro are in the late teens. If … Read more