scorecardresearch7 IT stocks have lost over 40 percent from their 52-week high; Let's take a look

7 IT stocks have lost over 40 percent from their 52-week high; Let's take a look

Updated: 14 Jul 2022, 07:49 AM IST
TL;DR.
The recent decline in the index has been on the back of concerns regarding US recession, wage hikes and supply-side pressure, despite a depreciation in the rupee. This has led to seven stocks from the Nifty IT index falling over 40 percent from their 52-week peaks.
The recent decline in the index has been on the back of concerns regarding US recession, wage hikes and supply-side pressure, despite a depreciation in the rupee. This has led to seven stocks from the Nifty IT index falling over 40 percent from their 52-week peaks.

The recent decline in the index has been on the back of concerns regarding US recession, wage hikes and supply-side pressure, despite a depreciation in the rupee. This has led to seven stocks from the Nifty IT index falling over 40 percent from their 52-week peaks.