Despite current headwinds, Indian IT stocks remain crucial for the economy, generating jobs, forex, and supporting tech ecosystems. Analysts are urged to assess rather than criticize companies like TCS and Infosys. As the earnings season kicks off on Thursday with TCS set to announce its Q2 results, IT stocks are generating strong buzz. Over the past week, the sector has rallied as much as 11%.
Mcap of 8 of top-10 firms erodes by Rs 1.55L cr
Recently, the market witnessed a downturn, with eight of the leading firms in India suffering major valuation losses. The declines of HDFC Bank and Bajaj