Seasonality, Contrarian Buying May Lift Battered Indian IT Shares
Bloomberg 2026-06-23 02:46:27
Context: Indian IT shares have been battered, but historical trends and contrarian buying may help lift them in the second half of the year. The July-December period has typically been favorable for these shares.
Key Facts
- The average return for Indian IT shares in the July-December period has been 16%.
- Indian IT shares have been battered, suggesting a potential rebound.
- Historical trends indicate that the second half of the year may be more favorable for these shares.
- Contrarian buying, where investors buy underperforming assets, may also contribute to a lift in Indian IT shares.
- The specific Indian IT shares that may benefit from these trends are not explicitly mentioned in the article.