October 5, 2024

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Passion For Business

Hexaware Tech, Wipro: Are IT stocks a safe bet in the current market?

Info technological innovation (IT) shares had been investing mixed on Wednesday. The Nifty IT index was down .6 per cent at eighteen,409 concentrations as compared to close to one % slide in the Nifty50 index.

On a 12 months-to-day (YTD) basis, the Nifty IT index has outperformed the marketplace by surging approximately eighteen per cent (as of Tuesday’s near) as compared to a seven per cent slide in the benchmark Nifty50, ACE Equity knowledge present. Among individual shares, Hexaware Technologies was up above one per cent at Rs 420 as the company’s buyback supply for delisting commenced nowadays. Wipro, way too, was investing in the environmentally friendly immediately after the …