Homevideos Newsmarket Newsstocks News

    Standout Brokerage report: IT expensive, says Credit Suisse; downgrades rating

    videos | IST

    Standout Brokerage report: IT expensive, says Credit Suisse; downgrades rating

    Mini

    Credit Suisse has lowered its rating on the IT sector to neutral. The research house was the first to flag off the upswing in the sector and turn overweight on IT in June.

    Credit Suisse has lowered its rating on the IT sector to neutral. The research house was the first to flag off the upswing in the sector and turn overweight on IT in June.
    However, after a 37 percent rise in the IT index and sharp gains in individual stocks as well, the entire price-to-earnings (P/E) is now the highest since 2013. Going forward, Mishra believes that gains is likely to be growth driven and he does not see a trend of more than 10-12 percent growth for most companies in the IT sector.
    Watch video for more
    Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
    next story

      Most Read

      Market Movers

      View All
      CompanyPriceChng%Chng