AI is a threat but they have fallen too much and the revenue loss is priced in?
Also they are still getting deals, and new revenue from AI and GCCs. Also good hedge against falling Rupee.
Thoughts?
I think it is a opportunity to acquire more ITBEES.
Yes definitely
They have fired almost everybody, so now their costs are too low.
Also IT Index is near major support, its a good buy.
In my view, yes it is good for long term, I am sure these major tech companies will not be sitting idle and do nothing, I am sure they are adapting to changes. Every quarter, I check their order book, This gives some comfort that they are getting business. I feel this AI story is taken to a different level altogther.