There are two parts to what make the stock prices move the way they do. One is the actual performance of business. Second, expectations of the street on how the business will perform. Sometimes expectations go much ahead of the time. The result, a painful period where the readjustment of expectations takes place and during that period even the valuation may come down. and also valuation. Whether the readjustment of expectations is over or not is reflected in the reaction of the street around the time of quarterly results. While it did not make it to headlines, there has been a clear change in the stance for IT stocks post election results. It is probably the result of the Infy which might change the narrative for the sectors.
