From boys to men: What’s behind ‘eye-popping’ returns by midcap IT stocks?

Even as the Nifty IT index has marginally underperformed the broader Nifty50 on three, six and 12-month basis, the midcap and smallcap IT stocks have outrun all indices, Nuvama said, adding that some quality tier-2 IT firms delivered “eye-popping returns”.

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