I have 250 shares of Green Panel at the price of 390 Rs. How many months I need to hold it up to cross the breakeven

Ans: Hello Revati,

Thank you for reaching out to me for financial advice regarding the status of IT shares in India. I understand your concern regarding the current market trends of IT shares and would like to provide you with my insights.

As you may know, the IT sector in India is closely linked with the USA market since most Indian IT companies have significant exposure to the USA market. Currently, the USA market is experiencing a recession and several bank failures, which has impacted the IT sector's performance in India.

However, it's essential to note that the bigger IT companies in India are high-quality companies with positive cash flows. While there may be a slowdown in revenue and earnings growth, it may be temporary, and the valuations seem reasonable. It's also important to remember that the IT sector is an essential contributor to the Indian economy, and the government has been taking several measures to boost the sector's growth.

In light of these factors, my advice would be to hold on to your IT shares and not panic sell. It's important to keep a long-term perspective and not make hasty decisions based on short-term market trends. If you have a diversified portfolio, the impact of any temporary slowdown in the IT sector may be mitigated.

Additionally, I would recommend reviewing your overall investment strategy with a financial advisor to ensure that it aligns with your financial goals and risk appetite.

I hope this advice helps you make an informed decision regarding your IT shares.

Best regards,