IT Stocks At 15-Year Low Valuations—Why Aparna Shanker Still Isn't Buying Them

IT stocks continue to trade at multi-year low valuations as investors assess the sector's growth outlook amid AI-led disruption and margin pressures. Aparna Shanker, CIO (Equity), The Wealth Company AMC, believes the sector should currently be viewed as a tactical rather than a core portfolio allocation. She points to declining return on equity, weaker cash flows, and limited near-term growth triggers as key reasons for staying cautious. While short-term technical rebounds are possible after the recent correction, she prefers to wait for stronger earnings visibility before increasing exposure. Watch the full discussion for her detailed outlook on India's IT sector and investment strategy.