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This sector has been one of the few that investors are betting on to weather the pandemic storm. After the nation-wide lockdown imposed in March 2020, the S&P BSE IT Index had lost nearly 26 per cent of its value from its peak in early January. This created a lot of buying opportunities for investors as stock prices tanked. As the revenue picture became clearer, some of the stocks started recovering. Since April, the index has risen nearly 55 per cent, to over 18,000.
Read: Big Story | Are IT stocks Covid-proof?
BusinessLine's Vivek Ananth and Satya Sontanam discuss Indian IT services companies and their fortunes under the cloud of the COVID-19 pandemic.
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