Investors in tech stocks unfazed by bleak growth
Mint Hyderabad|December 30, 2024
Despite weak full-year growth in 2023 for major Indian IT firms, investor confidence remains high, with share prices of some companies significantly outperforming the market.
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Tech Mahindra saw their full-year revenue fall 4% and 2.5%, respectively. TCS, Infosys, and HCL reported higher growth of 5.4%, 2.8%, and 6%, respectively, in the calendar year 2023. Wipro and Tech Mahindra fared better last year, as revenue fell 0.5% and 2.3%, respectively.

Still, shares of TCS and Infosys were up 9.5% and 24% between 1 January and 27 December, as against a 9% return on Sensex-30. Stocks of HCL and Tech Mahindra were up 30% and 35%, while Wipro's shares fell 35%.

هذه القصة مأخوذة من طبعة December 30, 2024 من Mint Hyderabad.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 30, 2024 من Mint Hyderabad.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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