Valuations of IT stocks already capture most of AI disruption risk: Chintan Haria
ICICI Bank is in focus in a mutual funds development.
· ET Stocks, Economic Times Markets
The Nifty IT index’s 25% fall in 2026 may have already priced in much of the threat from AI. Chintan Haria of ICICI Prudential AMC sees selective opportunities in companies positioned to benefit from data engineering, cloud migration, legacy modernisation and AI integration.
The analysis
ICICI Bank reported movement of 25%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -0.9% on the day at ₹1,344.90, and has returned -2.1% over three months. It sits 8% below its 52-week high. The banks sector has moved -1.7% over the same period, so ICICI Bank is running 0.4 points behind its peers.
For ICICI Bank, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Why it matters
- Fund flows and NAV moves show where domestic retail conviction is actually going, month after month.
Market context
- The company directly in focus is ICICIBANK.
- Sector exposure: Banks.
- The immediate tone of coverage reads negative.
In this story
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