Tech stocks rally up to 18% in a week, Is the worst over for IT pack?

New Delhi: After a sharp beatdown over the past few weeks, IT stocks emerged as the best performers, rising up to 18 per cent in the last five sessions from the close on the first Friday of August 2022.

IT stocks in the recent weeks have remained under pressure lately, with stocks eroding up to two-third of their values from their respective 52-week highs, thanks to muted financial performance and pressure on margins.