NIFTY 50
Information Technology

IT shares continue to outperform, but how cheap or expensive are they?

Updated : October 08, 2020 16:19:11 IST

The Nifty IT has outperformed the markets by more than 40 percent so far this year and nearly every stock in the index has done well. The large caps have clocked gains of about 50 percent barring TCS, which is up about 30 percent since the start of the year. Midcaps have fared even better.

Persistent Systems has about doubled while MindTree, Larsen & Toubro Infotech and Coforge have all outperformed the large cap names.

CNBC-TV18’s Reema Tendulkar dissects the numbers and tells you how much of the good news is already in the price of IT stocks and if they have any steam still left.

Watch the video for more.
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