IT stocks down up to 32% from their 52-week high; is it time to take a contra bet on IT?
IT stocks: Nifty IT is down almost 12 per cent from its one-year peak while the benchmark Nifty is just 3 per cent below its all-time high level. Should you buy IT stocks after sharp correction?
It is tough to ignore IT stocks. Even at this time when most IT stocks have fallen significantly from their one-year peak levels - thanks to the economic slowdown in key markets - many investors appear to be thinking about taking a contra bet on the sector.
Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!Let’s get started