I.T Stocks Outlook For The Week - 23 to 27.10.2017
I.T Stocks Outlook For The Week - 23 to 27.10.2017
( www.rupeedesk.in )
The movement in stocks of information technology companies are expected to be mixed as Jul-Sep earnings would be pivotal. Nifty IT index constituents Infosys and HCL Technologies are likely
to set the tone for technology companies when they detail their earnings for the September quarter next week. Infosys, in its earnings announcement scheduled Tuesday, is likely to raise its guidance in dollar terms for 2017-18 (Apr-Mar) and cut it in constant currency terms. In dollar terms, the company's sales are seen rising 2.5-3.6% from $2.65 bln reported in Apr-Jun. HCL Technologies, scheduled to detail its earnings on Wednesday, is likely to report a 2% sequential fall in net profit to 21.6 bln rupees in Jul-Sep. Commentary from peers on demand for IT services, primarily in key verticals such as banking and financial services in the US and UK, would also set pace for the sector.
Infosys is likely to report a 1.2% sequential growth in consolidated net profit for Jul-Sep at 35.3 bln rupees. Likely changes in the Bengaluru-based technology giant's strategy post the recent management shuffle would determine the view for the stock.
Source : Cogencis Information Services Ltd.
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( www.rupeedesk.in )
The movement in stocks of information technology companies are expected to be mixed as Jul-Sep earnings would be pivotal. Nifty IT index constituents Infosys and HCL Technologies are likely
to set the tone for technology companies when they detail their earnings for the September quarter next week. Infosys, in its earnings announcement scheduled Tuesday, is likely to raise its guidance in dollar terms for 2017-18 (Apr-Mar) and cut it in constant currency terms. In dollar terms, the company's sales are seen rising 2.5-3.6% from $2.65 bln reported in Apr-Jun. HCL Technologies, scheduled to detail its earnings on Wednesday, is likely to report a 2% sequential fall in net profit to 21.6 bln rupees in Jul-Sep. Commentary from peers on demand for IT services, primarily in key verticals such as banking and financial services in the US and UK, would also set pace for the sector.
Infosys is likely to report a 1.2% sequential growth in consolidated net profit for Jul-Sep at 35.3 bln rupees. Likely changes in the Bengaluru-based technology giant's strategy post the recent management shuffle would determine the view for the stock.
HCL Tech - Up
Techm - Up
TCS - Down
Wipro - Up
Infy - Up
TCS - Down
Wipro - Up
Infy - Up
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Source : Cogencis Information Services Ltd.
