Wedbush’s Katri says Indian IT may re-rate if growth returns
In short
Moshe Katri of Wedbush Securities said Indian IT companies still look cheap compared with their past valuations. He said a real turnaround would need revenue growth to improve and investors to come back.
This matters for Indian IT stocks because better growth could lift valuations. The report does not say when that might happen or which companies benefit most.
What the reporting says
Wedbush Securities MD Moshe Katri said Indian IT companies remain inexpensive on historical valuations, according to CNBC TV18 Market’s summary. He said a sustained re-rating would depend on a recovery in revenue growth and renewed investor interest. The immediate consequence is a potential shift in market sentiment toward Indian IT stocks, but the source does not name any specific company or timing for a turnaround.
Why it matters
CNBC TV18 Market’s summary says Moshe Katri of Wedbush Securities views Indian IT companies as inexpensive on historical valuations. He said a sustained re-rating depends on a recovery in revenue growth and investor interest. The impact is mainly on Indian IT stocks and market sentiment, but the source does not identify any company-specific catalysts or forecast a date.