BSE IT index surges 12% in 4 weeks; KPIT, Tech Mahindra rally over 25%

In the past four weeks, the BSE IT index has outperformed the market by surging 12 per cent, as compared to a 6.4 per cent rise in the S&P BSE Sensex

Shares of information technology (IT) were on a roll in Tuesday's session, with many of them trading at their respective fresh record highs level on expectations that strong order book should support healthy growth momentum going ahead.

Infosys raised its revenue growth guidance for the financial year 2021-22 (FY22) buoyed by a robust deal pipeline. Meanwhile, HCL Technologies expects double-digit revenue growth in constant currency (CC) terms for FY22 in view of the positive demand environment and robust deal pipeline.

Today, the S&P BSE IT index and Nifty IT index, were up nearly 2 per cent each, hitting their respective