Buying Seen In Info Stocks; Nifty IT Rebounds from June 2021 Lows

Amid strength in the Indian equities, there has been strength in the IT pack with buying seen in Infotech stocks. As per reports, IT pack is seen to recover from June 2021 lows.

Among the Nifty sectoral indices, Nifty IT pack stands as the outperformer with gains to the tune of over 2%.

Within the 10 stock index, some of the stocks leading the gains and gaining over 1 percent are Coforge, L&T Technology Solutions, Mindtree, Mphais, HCL, L&T Infotech, Tech Mahindra.

Nevertheless, despite the gains some of the stocks trend close to their 52-week low price, including shares of L&T Infotech, Infosys, Wipro and TCS.

Among the mid-cap IT stocks those buzzing include KPIT, Intellect Design and Tata Elxsi among others.