Time to buy IT and pharma stocks
1st June 2014
IT sector’s trading multiples hit post-Lehman lows, providing good entry points
Since February 26, the BSE IT index has declined 11.3 per cent and the BSE health care index 5.5 per cent. The decline in individual stocks is higher. Infosys, for instance, has declined 19 per cent, Wipro 16 per cent and HCL Technologies 12 per cent.
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