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Nifty IT index stocks: Has the worst been priced in?
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Given the high institutional holding, IT stocks tend to have a very strong and long phase of directional movement. After remaining under pressure for a long time, IT stocks had seen an up move post TCS results.
After this brief phase of upward movement, these stocks once again came under pressure after the guidance by Infy as they had been doing in the past two quarters. If one goes by analyst estimates, it appears that they still believe that
. Read more on economictimes.indiatimes.comAbout this in other media
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