AI-Led Demand Cycle Could Drive Sharp Re-rating in IT Stocks, Says Sovilo's Sandeep Agarwal
Sandeep Agarwal, fund manager and co-founder of Sovilo Investment Managers, remains bullish on the IT sector, betting that the next phase of the artificial intelligence boom will significantly benefit IT services and technology companies. Speaking to NDTV Profit, Agarwal said the industry is entering a key inflection point as enterprise AI adoption gathers pace, creating implementation and maintenance opportunities for IT firms. He expects stronger growth from the September quarter onward, sees headcount additions returning across the sector, and estimates cumulative earnings per share growth of 45% to 70% over the next three years, with mid- and small-cap IT companies likely to outperform their larger peers.
