Nifty IT index rallies over 8% in last seven sessions. Analysts maintain bullish outlook

August 20, 2024

The Nifty IT Index experienced a remarkable 32% surge over the past year, fuelled by a robust first quarter. This strong performance was primarily driven by Tier-1 IT companies, which showed solid revenue growth, improved margins, and stable management outlooks, contributing to the sector’s outperformance.

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