Infosys, TCS and Wipro stocks - drags !

India based technology companies like Infosys, TCS and Wipro are facing a serious challenge. From being hyped as darlings of the markets, they are now facing a situation where their stock prices have declined significantly while the Sensex has gone up significantly over the last year.

For example, stock prices on 1 Dec 2006 and 1 Dec 2007 for various scrips are as follows:

1. Infosys: Declined from Rs 2193.75 to Rs 1604.05, a decline of 26.8%
2. TCS: Declined from Rs 1186.80 to Rs 1013.95. decline of 14.5%
3. Wipro: Declined from Rs 600.90 to Rs 460.30, decline of 23.4% !

All this when the Sensex has gone up by 39.8%, despite having these three as part of the index.