IT Stocks Outlook For The Week - 22 To 26.10.2018
Commentaries of information technology companies on how they see demand shaping up in key verticals, especially banking, financial services and insurance and retail, will set the trend for these stocks next week. Persistent Systems, Larsen & Toubro Infotech, KPIT Technologies, Hexaware Technologies, and L&T Technology Services will announce their September-quarter earnings next week. The commentaries are critical as Mindtree, surprisingly, said it expects demand from the financial services and retail segments to soften in the near term, when larger companies such as Infosys and Tata Consultancy Services indicated otherwise. Its shares plummeted nearly 17% yesterday. Movement in the rupee against the dollar, given its recent volatility, will also be watched.
Source : Cogencis Information Services Ltd.
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Commentaries of information technology companies on how they see demand shaping up in key verticals, especially banking, financial services and insurance and retail, will set the trend for these stocks next week. Persistent Systems, Larsen & Toubro Infotech, KPIT Technologies, Hexaware Technologies, and L&T Technology Services will announce their September-quarter earnings next week. The commentaries are critical as Mindtree, surprisingly, said it expects demand from the financial services and retail segments to soften in the near term, when larger companies such as Infosys and Tata Consultancy Services indicated otherwise. Its shares plummeted nearly 17% yesterday. Movement in the rupee against the dollar, given its recent volatility, will also be watched.
Source : Cogencis Information Services Ltd.
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