IT Stocks: 9 beaten-down shares may deliver 2x returns after Nifty IT’s 28% crash — Do you own any?
The sharp fall in IT stocks has brought the sector back into focus, with the Nifty IT index correcting nearly 28 per cent from its peak. Brokerages believe the correction has opened up opportunities in select stocks. Several IT companies are now seen offering strong upside potential from current levels, with some analysts even indicating the possibility of up to 2x returns over the medium term, making investors relook at their portfolios.
The sharp fall in IT stocks has brought the sector back into focus, with the Nifty IT index correcting nearly 28 per cent from its peak. Brokerages believe the correction has opened up opportunities in select stocks. Several IT companies are now seen offering strong upside potential from current levels, with some analysts even indicating the possibility of up to 2x returns over the medium term, making investors relook at their portfolios.
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