Nifty IT stands as the worst performing index so far in 2022
Updated: 05 Sep 2022, 11:07 AM IST
TL;DR.Four blue-chip IT stocks, including bellwether Infosys, Wipro, TCS, and Tech Mahindra, are trading close to their 52-week lows. Infosys is down 22.99 percent YTD, Tech Mahindra 40.98 percent, Wipro 42.97 percent, and TCS 16.26 percent.
Ever since analysts predicted a potential recession in the US, the UK, and the Euro Zone, the value of IT stocks has started beating down.