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IT sector likely to be multi-year winner: Stocks that can help you ride the digital wave

IT sector likely to be multi-year winner: Stocks that can help you ride the digital wave
IT sector likely to be multi-year winner: Stocks that can help you ride the digital wave
Tech stocks ride the digital wave. IT stocks have shot up in past 3 months.

Synopsis

Experts say that technology stocks have just started picking up and are likely to do well for some years. Analysts too reckon that the new normal will present significantly more opportunities for IT firms to leverage digital plays.

The sharp market rebound from the depths of March was mainly led by pharma and telecom stocks. Now, tech stocks seem to have taken over as the new favourites. The BSE IT index soared 22% in July, the best performing of all sectoral indices. The strong surge has lifted the weightage of the IT sector in the Nifty50 index to its highest level in five years. So should investors also explore a bigger role for this defensive play in a rocky market
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