Multibagger Update: These IT stocks gained up to 990 per cent in five years; do you own any? Multibagger Update: These IT stocks gained up to 990 per cent in five years; do you own any? The S& P BSE Information Technology index has gained 178.12 per cent in the past five years and Nifty IT has surged by 162.77 per cent respectively. Sayali Kotwal / Wednesday, July 20, 2022 / Article rating: 3.7 The global brokerage firm Nomura has maintained a cautious stance on the IT services sector and expects a significant moderation in the revenue growth rate of the Indian IT companies in FY24 vs FY23.