Big drop in IT stocks by 50%, what a golden investment opportunity or wait now, know what is right
Market experts say that this decline in IT stocks has come due to lethargy in Europe countries including the US। Large business of IT companies comes from foreign countries.
Indian stock market The era of fluctuations continues। Sensex is swinging between 60 thousand and Nifty 17 to 18 thousand। However, there are many sectors which have been beaten tremendously। One of them is the IT sector, which has a large decline of up to 50% in the stocks of the companies involved। Such a big question whether it would be right to invest in these stocks at the right time or wait any longer। Let us go, opinion on what is in the stock market.
- IT Stocks: How many fell from hell time high
- Wipro: 50%
- Mphasis: 51%
- COFORGE LIMITED: 34%
- HCL Tech: 23%
- Infosys: 35%
- LTIMindtree: 43%
- Persistent: 15%
- TCS: 23%
- Tech Mahindra: 44%
Long term investors put money
Market experts say that this decline in IT stocks has come due to lethargy in Europe countries including the US। Large business of IT companies comes from foreign countries। The global economy is currently undergoing recession। Due to this, there is a big sell-off in the stocks of these IT companies। In such a situation, investment in the short term is not yet advised। Yes, this is a golden opportunity for investors who want to invest for the long term। They can start investing with a little money। As the stock goes down, add it to your portfolios। Take care of one thing, invest only in good companies stocks। There will be good earnings in the long term.