Should you buy IT stocks amid changing business environment?

The BSE IT index has shed over 3% year-to-date, compared with a sharp 12% gain seen on Sensex

Valuations of beaten down IT stocks could be turning attractive after a recent underperformance of the space amid technology disruptions, weak management commentaries and protectionist policies the world over.

As domestic IT majors look to realign their business model with changing needs, with Infosys already announcing 10,000 hiring in the US, experts believe any further dip in tier 1 IT names could be bought into for long-term gains.

The BSE IT index has shed over 3% year-to-date, compared with a sharp 12% gain seen on benchmark S&P BSE Sensex, with the top two IT companies TCS and Infosys tanking over 1% and