BNP Paribas analyst Kumar Rakesh cautions that weak FY27 guidance, AI-led disruption, and stalled client spending challenge the IT sector’s “value” narrative. While buybacks and dividends provide support, earnings risks remain elevated, making selective stock picking crucial for investors.
Swiggy, Eternal surge up to 7%. Should investors chase the rally?
Swiggy and Eternal shares rallied sharply on Thursday as investor sentiment improved on Swiggy’s foreign ownership falling below 50% and optimism around quick commerce. Analysts