Nifty may scale new peaks in 12-18 months as valuations turn attractive: Nuvama AMC’s Nikhil Ranka
However, he cautioned that India’s information technology (IT) companies are staring at an earnings cut, likely to begin in fiscal 2027-2028, amid concerns that artificial intelligence (AI) will compress billings and revenue growth. Edited excerpts: The Nifty IT Index is down 21% in the last year and has fallen 17% in the last month. How…