PPFAS<\/a> purchased about 4.3 million shares of HCL Tech, 4.2 million shares of Infosys, and 1.9 million shares of TCS. The buying came as IT stocks fell roughly 20% during the month, amid growing concerns that advances in artificial intelligence could disrupt traditional software services.<\/p>\n\n\n\nIn contrast, foreign institutional investors sharply reduced exposure to the sector. Data from NSDL shows overseas investors sold nearly \u20b917,000 crore worth of IT stocks in February, including \u20b911,000 crore in the first half of the month and another \u20b95,993 crore in the second half.<\/p>\n\n\n\n
Brokerages have also turned cautious. Jefferies warned that AI could reshape the IT services business by shifting demand toward consulting and implementation while shrinking managed services. The firm downgraded several large IT companies and cut price targets by as much as 33%.<\/p>\n\n\n\n
Despite the bearish outlook, PPFAS appears to be positioning for a longer-term recovery, betting that India\u2019s top IT firms can adapt to structural changes driven by artificial intelligence.<\/p>\n","protected":false},"excerpt":{"rendered":"
As investors rushed to exit India\u2019s battered IT sector after a historic selloff, the country\u2019s…<\/p>\n","protected":false},"author":2,"featured_media":631,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[109,110,37],"class_list":["post-630","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-information-technology","tag-hcltech","tag-infy","tag-tcs"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t
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