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IT Stocks Outlook For The Week - 21 To 25.01.2019

IT Stocks Outlook For The Week - 21 To 25.01.2019

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After a week of earnings and outperforming the broader market, shares of Indian technology companies are likely to be subdued next week. Stocks of Wipro are likely to fall due to disappointment in sales guidance for the March quarter, and as the company will allot a bonus share for every three held in the company. Technology companies will also track the movement of the rupee against the dollar. Zensar Technologies is scheduled to announce its Oct-Dec earnings on Monday, and its consolidated net profit is seen falling 17% on quarter to 777.2 mln rupees.

Source : Cogencis Information Services Ltd.

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