When Accenture slumped nearly 18% in a single session, it sent shockwaves through Indian IT. Infosys, Wipro, and Cognizant all took sharp hits. But according to Sandip Sabharwal of asksandipsabharwal.com, investors looking for a buying opportunity in large-cap IT may be asking the wrong question entirely.
"Indian IT companies are no longer long-term investment companies as of now," Sabharwal told ET Now. "They just look like trading plays -when they get heavily oversold, you can buy them and hope to make 12% to 15% returns."
