I.T Stocks Outlook For The Week - 28.05.2018 To 01.06.2018

I.T Stocks Outlook For The Week - 28.05.2018 To 01.06.2018

             Equity Cash/Futures/Options Segment 

Stocks of information technology companies are expected to move in a narrow range next week, while taking cues from the broader market. Tech Mahindra Ltd's Jan-Mar earnings that were announced yesterday would also lend cues to investors. Tech Mahindra was the last large-cap IT company to announce its earnings for the March quarter and it was released post market hours. The company posted a 29.6% on-quarter rise in its consolidated net profit for Jan-Mar and its revenue from operations were up 3.6%. Movement of rupee against the US dollar will also be closely looked out for as Indian IT companies export large chunk of their services, and a depreciation in the Indian currency would aid their margins.

Source : Cogencis Information Services Ltd.

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