'The rally in IT stocks is very much justified'

We asked Kunal Sangoi, Fund Manager, Aditya Birla SL Digital India Fund about the near- to mid-term outlook for Indian IT and how comfortable he is with valuations of IT stocks now. Kunal: The rally in IT stocks has been very sharp. However, when we look at the fundamental trends, we think this is very much justified. IT services spending is witnessing a demand revival supported by three key trends in the enterprise IT spending, viz., modernisation of core infrastructure, adoption of public and hybrid cloud model, a

This article was originally published on November 10, 2020.