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IT Index Faces Steepest Monthly Decline Since 2008; Evaluate Upside Opportunities
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IT Stocks Crash: Nifty IT faces worst month since 2008; Check upside potential
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CNBC TV18
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24-02-2026, 09:47
IT Stocks Crash: Nifty IT faces worst month since 2008; Check upside potential
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Nifty IT index down 19% in February, set for worst month since September 2008 Global Financial Crisis.
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All 10 Nifty IT constituents are down over 10% year-to-date; six are down 20% in two months.
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Coforge is the worst performer, down nearly 25%, but analysts see 51% upside potential.
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Wipro, Persistent Systems, LTIMindtree, and Infosys also saw significant drops, ranging from 20% to 23.5%.
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Despite the sell-off, many analysts maintain 'buy' ratings, projecting substantial upside potential for these stocks.
Read Full Article on Cnbc in English
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