I.T Stocks Outlook For The Week - 02 to 06.04.2018
The shares of information technology companies are likely to rise next week due to a likely increase in IT spend in the US following tax cuts. We expect domestic IT companies to perform better in 2018-19 (Apr-Mar) as they see a pick-up in demand. Accenture Plc's robust performance in Dec-Feb and its upward revision of revenue guidance for 2017-18 (Sep-Aug) supported sentiment. Depreciation in the rupee against the US dollar will also help Indian IT companies in the upcoming week as they export a major chunk of their services.
Source : Cogencis Information Services Ltd.
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The shares of information technology companies are likely to rise next week due to a likely increase in IT spend in the US following tax cuts. We expect domestic IT companies to perform better in 2018-19 (Apr-Mar) as they see a pick-up in demand. Accenture Plc's robust performance in Dec-Feb and its upward revision of revenue guidance for 2017-18 (Sep-Aug) supported sentiment. Depreciation in the rupee against the US dollar will also help Indian IT companies in the upcoming week as they export a major chunk of their services.
Source : Cogencis Information Services Ltd.
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