Market Share Gain For Indian IT Companies To Continue: ICICI Direct
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ICICI Direct Report
IT stocks had a phenomenal rally in the last three months as well as the last one year.
Large cap IT stocks in our coverage rallied from 64-210% in the last 12 months while the run up was from 6-38% in the last three months.
Nifty IT index also rallied 73% in the last one year, surpassing major Nifty indices of banks, FMCG, auto, pharma as well as the Nifty 50 benchmark index.
However, Nifty IT has seen some correction (8-10%) recently.
Now the obvious question for investors is whether this dip is an opportunity to invest further in IT stocks.
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