Multiple reports compile performance data showing several mid-cap IT companies trading far below their pandemic-era all-time highs. The list highlights that the biggest drawdowns can be substantial and that some stocks remain only in the middle of the IT “decline” rankings rather than recovering to near peak levels. Happiest Minds is identified as the largest decliner among the cited names, trading about 78% below its all-time high. Newgen Software follows, at roughly 74% below its peak. Sonata Software is also reported to be materially lower, down around 66% from its all-time high. In parallel, Tata Consultancy Services (TCS) is described as down about 55% from its all-time high and is characterized as only the ninth biggest decliner on the overall IT decline list, indicating that other firms have experienced even larger percentage drops. Overall, the sources present a consistent picture: despite market fluctuations since the pandemic, multiple mid-cap IT stocks remain significantly below their earlier peak valuations.
Mid-cap IT firms remain well below pandemic highs, with several deep declines
Multiple reports compile performance data showing several mid-cap IT companies trading far below their pandemic-era all-time highs. The list highlights that the biggest drawdowns can be substantial an...
- Happiest Minds is about 78% below its all-time high.
- Newgen Software is about 74% below its all-time high.
- Sonata Software is about 66% below its all-time high.
- TCS is about 55% below its all-time high and ranks ninth on the IT decline list.
Data shows that several mid-cap IT companies remain significantly below their pandemic-era highs. Happiest Minds tops the list, trading about 78% below its all-time high, followed by Newgen Software at 74% and Sonata Software at 66%.
2 months agoData shows that several mid-cap IT companies remain significantly below their pandemic-era highs. Happiest Minds tops the list, trading about 78% below its all-time high, followed by Newgen Software...
2 months ago
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