I.T Stocks Outlook For The Week - 09 to 13.10.2017
I.T Stocks Outlook For The Week - 09 to 13.10.2017
( www.rupeedesk.in )
Stocks of information technology companies are seen trading in a thin band next week as Jul-Sep earnings would be in focus. Tata Consultancy Services will set trend by kickstarting the earnings season for the IT sector, by announcing its Jul-Sep results on Thursday. We expect revenue growth of IT companies to be low or muted due to soft demand during the reporting quarter. Large-cap IT
companies are not expected to post remarkable results for Jul-Sep. Investors would also keep an eye on the performance of Infosys, which is scheduled to detail its earnings on Oct 24. Infosys Non-executive Chairman Nandan Nilekani, after his appointment in August, had said that the company would review and refresh its growth strategy by October.
Source : Cogencis Information Services Ltd.
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( www.rupeedesk.in )
Stocks of information technology companies are seen trading in a thin band next week as Jul-Sep earnings would be in focus. Tata Consultancy Services will set trend by kickstarting the earnings season for the IT sector, by announcing its Jul-Sep results on Thursday. We expect revenue growth of IT companies to be low or muted due to soft demand during the reporting quarter. Large-cap IT
companies are not expected to post remarkable results for Jul-Sep. Investors would also keep an eye on the performance of Infosys, which is scheduled to detail its earnings on Oct 24. Infosys Non-executive Chairman Nandan Nilekani, after his appointment in August, had said that the company would review and refresh its growth strategy by October.
HCL Tech - Up
Techm - Up
Wipro - Up
TCS - Up
Infy - Up
Wipro - Up
TCS - Up
Infy - Up
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Source : Cogencis Information Services Ltd.
