IT stocks outrun markets for three consecutive quarters; midcaps shine

The Nifty IT index has outperformed the benchmark Nifty50 for the three consecutive quarters, rallying 26 per cent since June 30, 2017 as against9.4 per cent rise in the Nifty50 index. Even on a calendar year basis, IT stocks have done well at the bourses, with the gauge of IT stocks on the NSE rallying 9.4 per cent in CY18, as compared to 1.1 per cent fall in the Nifty50 index. 

Among individual stocks, Infinite Computer Solutions (up 79 per cent) and Mastek (54 per cent) from the mid-cap IT segment have zoomed over 50 per cent. NIIT Technologies, Mindtree,