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The Economic Times
The Economic Times
Nikhil Agarwal

Valuations of IT stocks already capture most of AI disruption risk: Chintan Haria

Chintan Haria ICICI Prudential AMC Nifty IT Nikhil Agarwal SEBI

The threat artificial intelligence poses to traditional IT services appears to be largely reflected in Indian technology stocks, according to Chintan Haria, principal for investment strategy at ICICI Prudential AMC.

The Nifty IT index has fallen about 25% in 2026, bringing its valuation below that of the Nifty 50. Haria says the focus should now shift to companies that can adapt to AI and capture new demand in data engineering, cloud migration, legacy modernisation and AI integration. Edited excerpts from a chat:

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