New Delhi, Oct. 21 -- The Indian IT stocks are experiencing a strong comeback after seeing sharp decline over the past few months. Nifty IT ended nearly 2.88% higher on Wednesday, extending its gains after posting its biggest weekly rise in 18 years last week.

While IT large-cap names like Tata Consultancy Services (TCS), Infosys and Wipro emerged as the key contributors to the Nifty IT rally, mid-cap IT stocks such as Persistent Systems, Coforge, Tata Technologies and Mphasis lagged behind. Are we seeing a divergent trend in the IT stocks? Expert decodes.

The recent rally IT stocks has come after IT heavyweights like TCS, Wipro, HCL Technologies, Tata Technologies, etc announced their earnings for the second quarter of financial year 2...