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IT Stocks Outlook For The Week - 15 To 19.10.2018

IT Stocks Outlook For The Week - 15 To 19.10.2018

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             Equity Cash/Futures/Options Segment 

Stocks of information technology are expected to trade in a narrow range next week with negative
bias as investors await cues from the September quarter earnings of sector major Infosys Ltd and
mid-cap companies Mindtree Ltd and Mphasis Ltd. Infosys is scheduled to announce its earnings on Tuesday, followed by Mindtree on Wednesday, and Mphasis on Thursday. Next week might begin on a negative note as Tata Consultancy Services Ltd's commentary for the rest of the year disappointed investors. Though its earnings were largely in-line with estimates, the company's commentary lacked an optimism in outlook for the year despite a sharp fall in the rupee.

Source : Cogencis Information Services Ltd.

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