The Economic Times

Plumbers of the tech world! JP Morgan hunts deep value in India's IT bloodbath as stocks hit multi-year lows

Indian IT stocks have seen significant drops, losing Rs 5.7 lakh crore. JP Morgan believes these firms are essential plumbers for technology. They are now offering deep value opportunities. Dividend yields are at crisis-level highs. JP Morgan recommends buying Infosys and TCS, seeing limited downside and potential upside.