BusinessPhoto: Business StandardIndian IT Stocks Outperform Global Semiconductor Peers by Largest Margin Since 2004
India's top software exporters' stocks surged over 10% this week, while global semiconductor stocks fell 7.4%, marking the biggest weekly outperformance by Indian IT since 2004. Analysts attribute this to a correction in AI shares, slowing revenue growth, and concerns over infrastructure financing and rate hikes. Positive signs include HCL Technologies raising its sales growth forecast.
Business Standard··Bengaluru




