IT Stocks Outlook For The Week – 18 to 22.12.2017

IT Stocks Outlook For The Week – 18 to 22.12.2017

Click here for Hourly Trend Update

             Equity Cash/Futures/Options Segment 

The stocks of information technology companies are expected to move in a narrow range next week due to lack of cues. Investors would look to take long positions in IT stocks, with the rupee's movement lending some support. The stock specific negative movements could be expected next week. The stocks of IT major Tata Consultancy Services Ltd and those of Tech Mahindra Ltd
are seen trading with a negative bias in the week ahead. A fall of 1-2% is expected in the near term in the stocks of TCS and Tech Mahindra. Another one stock of Infosys Ltd, however, is expected to sustain gains in the coming week. Infosys has gained over 2% in the past week and nearly 7%
so far this month. The company's stock has gained after the appointment of a new chief executive officer, Salil S. Parekh, early this month. Parekh has been appointed as the IT services provider's CEO and managing director for five years, with effect from Jan 2.

Source : Cogencis Information Services Ltd.

              Free Stock Options :Register To Get 2 days Trial Tips
 Free Intraday Tips : Join Our Whatsapp No : 9841986753
  Free Commodity Tips : Join our Whatsapp No : 9094047040
Posted by