IT values are too high for comfort of value investors but growth investors are enjoying the sector now, says S Naren, CIO, ICICI Prudential AMC
The biggest outperforming sector in this bull market in a sense has been IT. IT stocks are trading at record highs, PE multiples are also at record high. Do you think IT stocks are now fully priced in?
To a value contrarian investor like me, they are fully priced in, particularly...