Spotting winners of the coming tech shakedown9 min read . Updated: 22 Feb 2022, 01:24 AM IST
- Shares of some internet companies are down between 49% and 63% from their 52-week highs
- Some analysts see the recent correction in tech stocks as an opportunity to buy growth stocks at reasonable valuations. ‘Innovation is on sale,’ US-based fund manager Cathie Wood said
NEW DELHI : Many families in Amalner, a small town in Maharashtra’s Jalgaon district, have made a fortune buying and selling shares in a company that was incorporated here—way back in 1945 as Western India Vegetable Products Ltd. Nevertheless, this company’s stock, which we now know as Wipro Limited, has had a bumpy ride. Imagine the panic of these families during the dot-com crash of 2000-01. Wipro’s stock nosedived by as much as 88%. The company survived, so did Infosys, Tata Elxsi, Sonata Software and Zensar Technologies. All of their shares fell anywhere between 83% and 97% during the same period.
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