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AI Shock: IT valuations fall near levels seen during subprime crisis
Indian IT exporters' valuations have plummeted to near 2008-09 subprime crisis levels, trading at 15-18 P/E multiples. This sharp decline, driven by AI advancements impacting headcount-based execution and OpenAI's direct entry into enterprise solutions, has seen stocks lose nearly 30% in 2026. While a weakening rupee offers short-term support, the AI overhang is expected to cap medium-term gains.
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economictimes.indiatimes.com
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AI Shock: IT valuations fall near levels seen during subprime crisis
Indian IT exporters' valuations have plummeted to near 2008-09 subprime crisis levels, trading at 15-18 P/E multiples. This sharp decline, driven by AI advancements impacting…
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Infosys, TCS, TechM and other IT stocks rally up to 5% even as sector valuations near 2008 levels
Indian IT shares surged on Tuesday, extending a rebound. Companies like Infosys and TCS saw significant gains. This rally follows a sharp correction that made sector valuations…
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AI spooks IT valuations; Groww promoters cut stake
AI has pushed valuations of Indias top IT firms to 2008-09 levels. This and more in todays ETtech Top 5.
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IT stocks gain for 3rd day on rupee fall, tempered AI view
Indian IT stocks surged for a third consecutive session, driven by a weakening rupee that boosted margins for dollar-earning software exporters. Despite ongoing AI disruption…