I.T Stocks Outlook for the week – 31.07.2017 to 04.08.2017
I.T Stocks Outlook for the week – 31.07.2017 to 04.08.2017
( www.rupeedesk.in )
Stocks of information technology companies are likely to trade sideways next week due to lack of definite cues for the sector. The sector had "bottomed out" post cash curb last year, recovery had been lacklustre as the sector could not outperform the benchmark index. In the medium-to-long term, however, the sector is seen remaining lucrative. The Nifty IT index is seen in the range of 10100-10400 points next week, This week, HCL Technologies declared its earnings for Apr-Jun. The company reported a 17% sequential fall in consolidated revenue, but was able to narrow its losses to 551 mln rupees from 1.24 bln rupees a quarter ago. Expecting a strong demand, HCL Technologies has retained its guidance for the financial year ending March.
Source : Cogencis Information Services Ltd.
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I.T Stocks Outlook for the week – 31.07.2017 to 04.08.2017
( www.rupeedesk.in )
Stocks of information technology companies are likely to trade sideways next week due to lack of definite cues for the sector. The sector had "bottomed out" post cash curb last year, recovery had been lacklustre as the sector could not outperform the benchmark index. In the medium-to-long term, however, the sector is seen remaining lucrative. The Nifty IT index is seen in the range of 10100-10400 points next week, This week, HCL Technologies declared its earnings for Apr-Jun. The company reported a 17% sequential fall in consolidated revenue, but was able to narrow its losses to 551 mln rupees from 1.24 bln rupees a quarter ago. Expecting a strong demand, HCL Technologies has retained its guidance for the financial year ending March.
Source : Cogencis Information Services Ltd.
