Not in a hurry to buy now, but will hold on to IT stocks: Dilip Bhat

Market expert Dilip Bhat suggests that investors should not rush to buy stocks and instead wait for prices to potentially decrease or remain steady. He believes that the IT sector may take time to return to double-digit growth, as the focus has shifted to artificial intelligence (AI) and its impact on the industry. Despite the lack of guidance from IT companies, Bhat believes that their current prices already reflect the changing dynamics. He advises holding onto IT stocks as they can provide a defensive position in investment portfolios.

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