India outperformed considerably in 2024 which partly explains part of the underperformance this year. By around September last year, valuations were no longer inexpensive, earnings forecasts started seeing moderate cuts, FPI outflows followed, and system liquidity went into deficit – a trend which continued into 1Q2025.
Infosys, Wipro, and other IT stocks drop up to 3% after Accenture Q3 results
Indian IT stocks, including Infosys, Wipro, and TCS, experienced a decline following Accenture’s Q3 results, despite the latter exceeding revenue expectations. Investor concerns arose regarding