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Buoyed by Q1 show, Indian IT shrugs off IBM shock

Mumbai: India's technology stocks Wednesday demonstrated remarkable resilience in the face of the spectacular overnight mauling of US-listed IBM on expectations of a demand recovery in the $280-billion industry, with depressed valuations spawned by a protracted bear phase since the start of 2026 seemingly providing support to locally listed outsourcing powerhouses.Analysts and money managers also said that better-than-expected Q1 results in the sector so far have eased investor concerns on thes…

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Economic TimesLean R·2h ago
Buoyed by Q1 show, Indian IT shrugs off IBM shock
Mumbai: India's technology stocks Wednesday demonstrated remarkable resilience in the face of the spectacular overnight mauling of US-listed IBM on expectations of a demand recovery in the $280-billion industry, with depressed valuations spawned by a protracted bear phase since the start of 2026 seemingly providing support to locally listed outsourcing powerhouses.Analysts and money managers also said that better-than-expected Q1 results in the sector so far have eased investor concerns on thes…
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Buoyed by Q1 show, Indian IT shrugs off IBM shock

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Buoyed by Q1 show, Indian IT shrugs off IBM shock

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