Anand Shah of ICICI Prudential Predicts IT De-rating, Focuses on Stock Picking for 2026

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ICICI Prudential's Anand Shah on IT De-rating, Bets on Stock Picking in 2026

Netweb Technologies | The company reported record revenue and profit during the December quarter. Revenue for the quarter grew by 165% sequentially to ₹804.9 crore. Net profit for the period stood at ₹73.3 crore, registering a growth of over 90% from the September quarter. It executed a large strategic order worth ₹450 crore during this period.

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CNBC TV18•14-02-2026, 12:55

ICICI Prudential's Anand Shah on IT De-rating, Bets on Stock Picking in 2026

•ICICI Prudential's Anand Shah sees IT de-rating as a valuation reset, not immediate earnings damage.
•Nifty IT index saw its worst weekly drop in over a year, falling more than 8% amid AI disruption fears.
•Shah believes pressure stems from PE multiples as investors reassess AI's long-term impact on revenue and margins.
•He notes Indian IT faces deflationary risks from AI taking over low-end work, but also potential for expanded demand.
•Shah's portfolios have been underweight IT; he sees 2026 as a year for stock-picking and gradual economic recovery.

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