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Further correction in IT stocks not ruled out amid multiple headwinds

The IT industry is seen as a hedge against rupee depreciation

Topics
IT stocks | Attrition  | Tech stocks

Devangshu Datta 



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Management guidance also implies that attrition is stabilising. Infosys also sees the pipeline of deal wins remaining strong

Share prices across the information technology (IT) sector have seen sharp corrections. While the Nifty50 has risen 1 per cent in the last month, the IT Index has dropped 5.9 per cent. Many individual shares have done worse. On Wednesday, both the S&P BSE IT and Nifty IT indices were the top sectoral losers, down by over 3 per cent each.

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First Published: Wed, September 14 2022. 20:34 IST

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