GENERAL19 Oct 2026
IT stocks draw buyers as valuations drop to 2008 levels
At September-end, the five biggest Indian IT services companies were trading at 12.9 times trailing earnings. That is the lowest price-to-earnings multiple for the group since the 2008 global financial crisis, and investors are now buying. The Sensex gained 1.9 per cent in October, closing at 73,852.9 on Monday against 72,480.3 at the end of September.
Key Statutory Highlights
- The top five IT services companies ended September at a trailing price-to-earnings multiple of 12.9 times.
- That is the lowest reading for these firms since the 2008 global financial crisis, and investors have started buying.
- The Sensex is up 1.9 per cent in October so far, at 73,852.9 on Monday from 72,480.3 at September-end.
Actionable Advice for Taxpayers / Founders:Keep track of the top five IT firms' trailing P/E and the Sensex level. The source gives September-end and Monday closing figures only, with no target or deadline.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
Share: