I’m buying IT (Information Technology) stocks. Now. Of late, the valuations look attractive in IT stocks thanks to the recent corrections.
Most IT stocks are now down by 30-50%.
Many of these are trading at PE of 13-20x. A year back, these same companies used to trade at 20-50x.
In past 3 months, we’ve recommended 4 IT stocks in our potential multibaggers research reports. Heck, we published one today itself. You can get it here. While the world is turning them down as if tech is dead already.
Same happened with ITC & ONGC (I’m curious to know the mental state of pro ESG analysts now). These guy kept on giving sell call on all anti ESG themes. All of which are 2-3x up in years. LOL.
Further, a piece of advice I shared the other day:
One need to understand that I’m ‘interested’ in IT stocks this year as valuations are reasonable.
Will be bullish on it next year onwards.
(Being interested & being bullish are 2 different things).
I was interested in ITC & autos a year back. I’m bullish on ITC & autos right now.
I think next 2-3 quarters are great to keep accumulating IT stocks as entire market will ditch them (just like they disowned autos last 2-3 years).
P. S: Don’t come to me after 2-3 years & ask which IT stocks to buy just like many do these days for ITC, ONGC & Auto stocks. The best time to buy tech stocks is NOW!
