In this episode of Daily Calls, market expert Raghvendra Singh shares his views on the ongoing earnings season in the IT sector. Mr Singh believes there is little hope left for a strong showing from the sector in the short term. He explains that IT stocks have already corrected by 30–40%, and as a result, even poor earnings results are unlikely to trigger further sharp declines—most of the negativity is already priced in.
He emphasises that a stock already punished heavily in the market won't see major impact from another weak quarter. On the contrary, he sees this as a potential buying opportunity. Stocks like Infosys, Wipro, and TCS are currently trading at steep discounts compared to their previous highs, and for investors seeking long-term value, this may be the right moment to accumulate quality IT names.