In tech meltdown, Indian biggies not hit as hard as global giants

Among the larger Indian IT services exporters, other than Wipro andTech Mahindra, the loss in stock prices of TCS, Infosys and HCL Tech are in mid-teen percentage points to low double digits. In contrast, stock prices of Paytm and Policybazaar have plunged nearly 60%, while Zomato is down 52%. In the same period, stocks of global tech titans like Meta and Amazon have fallen 67% and 45%, respectively.