Indian IT exporters’ valuations have plummeted to near 2008-09 subprime crisis levels, trading at 15-18 P/E multiples. This sharp decline, driven by AI advancements impacting headcount-based execution and OpenAI’s direct entry into enterprise solutions, has seen stocks lose nearly 30% in 2026. While a weakening rupee offers short-term support, the AI overhang is expected to cap medium-term gains.
16 smallcaps where promoters raised stakes in the March quarter. Do you own any?
Promoters increased their stake in 16 smallcap companies during the March quarter of FY26, signaling confidence. Religare Enterprises saw the sharpest rise of 4%, followed