Last week, Nifty IT index witnessed a gain of about 3.5%. However, in the calendar year 2022 so far, the index is down about 27% and its constituents have fallen over 14 per cent. If the index stocks start moving in an upward direction then it will be a very interesting sector to watch out for.”With the US economy heading towards a soft landing and IT companies under margin pressure due to high wages, stocks are taking the beating. They are still not inside the attractive valuation zone. However, 5-10% more correction and they will again start attracting investors’ interest,” said Siddarth Bhamre, Head of Research, Religare Broking Limited.Here are 7 stocks from the sector that are still trading at least 50% away from their 52-week high price.
Info Edge shares drops 4% despite 22% YoY jump in Q4 net profit; revenue up 16%
Info Edge shares saw a dip on Monday even as the company announced strong financial results. Net profit for the March quarter rose 22 percent
May 25, 2026