IT Stocks Outlook For The Week - 30.07.2018 To 03.08.2018
Stocks of information technology companies are expected to be in narrow range next week due to lack of definite cues. Stock specific movement, however, can be seen during the week. Shares of HCL Technologies Ltd would be in focus early next week as the company yesterday reported a 9%
sequential rise in its consolidated net profit for Apr-Jun, while its revenue in constant currency terms grew 2.7% on quarter. The rupee's movement against the US dollar will also be watched out for as IT companies earn major chunk of their revenues in US dollar.
Source : Cogencis Information Services Ltd.
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Stocks of information technology companies are expected to be in narrow range next week due to lack of definite cues. Stock specific movement, however, can be seen during the week. Shares of HCL Technologies Ltd would be in focus early next week as the company yesterday reported a 9%
sequential rise in its consolidated net profit for Apr-Jun, while its revenue in constant currency terms grew 2.7% on quarter. The rupee's movement against the US dollar will also be watched out for as IT companies earn major chunk of their revenues in US dollar.
Source : Cogencis Information Services Ltd.
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