Is it true that the IT index has touched a new high on the stock markets?
Answer
Answer
IT stocks are anticipated to report stellar earnings in Dec-21 quarter and the impact was seen in the BSE IT index scaling a life-time high. This year, Infosys and Wipro more than doubled but the focus was on mid-cap IT names like Birlasoft, Persistent Systems, KPIT etc. The trigger for Indian IT came from Accenture upping its guidance for 2022.