IT stocks plunge as analysts doubt growth rebound
The country’s top five software services companies, including Tata Consultancy Services Ltd, Infosys Ltd, HCL Technologies Ltd, Wipro Ltd, and Tech Mahindra Ltd, dropped as much as 1.99%, 4.28%, 1.91%, 3.44%, and 2.8%, respectively, on Wednesday’s close. This selloff erased ₹75,414 crore from the market cap of the top five companies in the sector alone. … Read more