ICICI Prudential’s Anand Shah foresees IT sector de-rating in 2026
The Nifty IT index fell over 8% this week, its worst drop in over a year due to AI-led disruption fears. Anand Shah of ICICI Prudential AMC believes the fall is a valuation reset, with no near-term earnings risk and PE multiples de-rating due to uncertain growth. He continues to …