Despite all odds, these IT sector multibaggers have skyrocketed up to 888 per cent so far this year!
Here is a list of the top IT sector multi-baggers that have more than doubled investors' wealth!
The majority of global indices were on the upswing as a result of optimistic cues and better-than-expected economic data. The significant decline in the US consumer price index has boosted optimism that the Federal Reserve may now slow down its interest rate hikes.
However, strong service sector data and employment figures caused Wall Street indices to experience a steep decline, which renewed worries that the Federal Reserve will hike interest rates. Stocks in the technology sector were the most adversely impacted.
The Indian benchmark indices opened lower on Tuesday, reflecting the trend, with losses in the majority of sectors and information technology stocks bearing the brunt of the damage.
While the BSE Information Technology index has plunged over 20 per cent year-to-date, there are several stocks that have managed to draw investors’ attention despite all odds with their stellar returns.
Here is a list of the top IT sector multi-baggers that have more than doubled investors' wealth:
||Latest Market Cap (Rs Crore)
||YTD Returns (%)
|ERP Soft Systems