10/9/2024, 11:49:03 am

Recovery or No Recovery? IT stocks leave Street divided on their future

Information Technology (IT) stocks remain in focus ahead of the all-important US Federal Reserve meeting on September 17-18. Out of the 10-pack Nifty IT index, Coforge, LTIMindtree, Infosys, L&T Technology Services Ltd., Persistent Systems Ltd. and TCS were trading in the range of 1-4%. Motilal Oswal Financial Services expects the IT services sector to be on the cusp of recovery.