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VERIFIEDMint Markets·positive
IT stocks rebound sharply in October: TCS gains 22%, Wipro and Tech Mahindra gain 20% — 3 key reasons behind the jump
AI Summary
- ·The Nifty IT index rose 16% in October, recovering from July lows.
- ·TCS gained 22%, Wipro and Tech Mahindra each gained 20% in October.
- ·Stronger quarterly results, attractive valuations, and reduced AI disruption concerns drove the rebound.