5 IT Stocks Very Close To Their 52-week Low

IT stocks are falling sharply in the past few weeks, and it has not shown any signs of recovery in the past weeks, even when the markets have recovered rapidly. The downfall of IT stocks is mainly because of the possibility of a recession in the US.

Here are 5 IT stocks trading very near their 52-week low in August 2022.

Persistent Systems

Persistent Systems provides IT consulting, software engineering, and strategy services. The company helps businesses from around the world implement good software practices and modernize their business. The company has partnerships with many service providers, including AWS and Salesforce. The company owns frameworks and software with pre-built acceleration and integration.

The current market price of the stock is Rs. 3,285. The 52-week low of the stock is Rs. 3,102.00, and the stock is trading just 6.41% above its 52w-low.

Birlasoft Limited

Birlasoft Limited is an IT company engaged in consultancy and computer programming services. The company provides banking, insurance, financial, manufacturing, energy utilities and many other sectors.

The current market price of the stock is Rs. 319. The 52-week low of the stock is Rs. 305, and it is trading just 4.03% above its 52w-low.

HCL Technologies Limited

HCL Technologies is one of India's leading IT service-providing companies and is ranked in the top five IT companies in India in terms of revenue. The company provides services for many sectors worldwide and has an extensive infrastructure and network of offices in over 46 countries.

The current market price of the stock is Rs.930.95 The 52-week low of the stock is Rs. 828, and it is trading just 5.70% above its 52w-low.

Zensar Technologies Limited

Zensar Technologies is one of the country's top technology and digital solution service providers. The company operates in two segments: Infrastructure Management Services and Application Management Services. It mainly focuses on providing services to industries including consumer services, Hitech and Manufacturing, banking, financial services and more.

The stock's current market price is Rs.227.70. The 52-week low of the stock is Rs. 221.75, and the stock is trading just 2.68% above its 52w-low.

Intellect Design Arena Limited

Intellect Design works globally in the fields of Financial Technology for insurance, banking and many other financial and technology services. The company is engaged in providing financial and software services, respectively.

The current market price of the stock is Rs.595. The 52-week low of the stock is Rs.562.65, and the stock is trading just 5.56% above its 52w-low.