TCS, Infosys, Wipro and other IT companies' dream run could be over, say analysts
- Valuable Indian information technology stocks have tumbled heavily in the last one month, falling up to 18%.
- While spending on digital transformation will continue from large enterprises, the overall growth rate in tech spending could decelerate as companies feel the pressure of inflation on their toplines.
- The Nifty IT index has fallen two times more than the benchmark index Sensex and Nifty 50 in the last one month.
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