A friend shared his analysis of what the value of Rs 1,00,000=00 invested on 1-1-2018 be on 14-5-2022 if this amount is invested in each of TCS,Infosis,Wipro,Tata Elexi,Persistant systems,L&T Infotech,Mindtree,HCL Tech,Tech Mahindra etc. The lowest performer is Wipro with 17.95 % CAGR and highest performer is Tata Elexi with 61.38 % CAGR.
All the above stocks more than doubled in value in last 5 years.......so even with the current downmove, tech stocks have performed well in 5 years timeframe........