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Infosys, TCS, and Wipro face steep losses in recent months, Afzal Lokhandwala notes

Infosys, TCS, and Wipro face steep losses in recent months, Afzal Lokhandwala notes
Leading IT stocks record major declines

Afzal Lokhandwala, market commentator and trader at FinTwit / Social Media, reports ongoing underperformance in major IT stocks.

According to Lokhandwala, Infosys has fallen 32%, TCS is down 30%, and Wipro has dropped 25% since early February when initial weakness was identified in IT stock charts.

Lokhandwala previously noted the sharp fall in the S&P 500 on June 5, describing it as the U.S. stock market's worst day since October in recent commentary. He has also examined how most traders prefer to add positions below their entry points, highlighting a trend toward buying at lower levels in another report. These observations form part of his ongoing coverage of major equity market movements.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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