Investors in tech stocks unfazed by bleak growth
Mint Ahmedabad|December 30, 2024
Despite weak full-year revenue growth in 2023 for major Indian IT companies, investor confidence remains high, with share prices of some firms 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.

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