I.T Stocks Outlook for the week – 12 to 16.10.2015
(Infosys
and Tcs Jul-Sep earnings to set trend)
Infosys
Ltd, the first in the sector to announce Jul-Sep earnings, is expected to set
the trend for information technology company stocks next week. The Bengaluru-based
company will detail its Jul-Sep earnings on Monday followed by Tata Consultancy
Services Ltd, which will announce its results on Tuesday.
Market
participants have pinned their hopes on positive earnings from these two
large-cap companies, given that HCL Technologies Ltd had issued a profit
warning that its dollar-denominated sales in Jul-Sep will be adversely impacted
and that it will take a $200 mln charge to resolve a dispute with a client.
If
Infosys and TCS perform well, the sector will see buying interest barring HCL
Technologies, which is expected to be rangebound in following sessions.
