Page 9 - It Stocks

IT stocks tumble; Nifty IT index falls over 2%, Infosys plunges 4%

The brokerage, as per reports, noted that the IT sector, as a whole, will face cyclical hiccup ahead and the current valuation of the sector is at premium to historical average.

Infosys slips 3% on closure of share buyback, recovery in rupee

In the calendar year 2019, Infosys has outperformed the market by surging 22 per cent as compared to a 4 per cent rise in the Sensex and 12 per cent gain in the S&P BSE Information Technology index.

Analysts bullish on mid-cap IT stocks as valuations turn attractive

They also remain optimistic on the road ahead for the IT sector given the sharp fall in rupee's value against the US dollar.

Infosys, TCS, Wipro: Trading strategies for IT stocks post their Q2 results

Here's how these three heavyweights look on the technical charts post their respective Q2FY20 results.

Tech Mahindra surges over 5% after securing multi-year deal with AT&T

With this deal, TechM will assume management of many of the applications which support AT&T's network and shared systems.

Is Infosys a good bet post Rs 8260-crore buyback? Here's what charts say

The stock has absorbed all the selling pressure in the range of Rs 760 - Rs 770 and is ready for a fresh upside. Although it witnessed mild selling above Rs 800, the overall trends still looks bullish

Infosys jumps over 5% on healthy Q1 results, other IT stocks rise too

Infosys on Friday reported a 5.26 per cent year-on-year (YoY) rise in net profit at Rs 3,802 crore while it dropped 6.8 per cent sequentially.

Mastek tanks 10% after net profit in June quarter dips 12% sequentially

Revenue from operation during the quarter under review dipped 7 per cent from Rs 247 crore to Rs 267 crore in March quarter.

Regulatory changes, margin pressure likely to weigh on IT stocks

If demand and margins fail to recover, there could be further de-rating of IT stocks, says an analyst

IT stocks fall after Cognizant cuts 2019 revenue guidance; TCS drops 2%

Cognizant forecast 2019 revenue growth in the range of 3.6 per cent and 5.1 per cent in constant currency, compared with between 7 per cent and 9 per cent earlier.

10 IT stocks that doubled your money in three years

During the window, rupee has depreciated 9 per cent to Rs 72/USD against 66 levels in November 2015.

IT stocks have given blockbuster returns over past year: Should you invest?

Strong economic growth in the US means that the discretionary spending of US corporates on information technology will be strong

IT stocks underperform; TCS, Infosys slip 3% each

The Nifty IT index was trading 1.75 per cent lower at 15,100, with 5 constituents in the green and rest five in the red.

After a rally in CY18, experts see time-wise correction in IT stocks

Going ahead, even though analysts remain bullish on IT stocks, they caution against the sharp rally seen thus far in CY18 and the valuations at which some of these stocks trade.

IT stocks outrun markets for three consecutive quarters; midcaps shine

The Nifty IT index has outperformed the benchmark Nifty50 for the three consecutive quarters, rallying 26 per cent since June 30, 2017

Go for tried-and-tested scrips and do not invest aggressively in IT firms

The sharp turnaround is good news for investors who are holding on to these stocks or mutual fund schemes

Why this is not the perfect time to join the IT bandwagon

This may not be the perfect time to buy them aggressively as the recent spike is due to lower valuations, say fund managers

IT heavyweights surge past buyback price

Most companies had announced a buyback over the last one year as the stocks underperformed the market

Why are IT stocks outperforming

The industry index has certainly outperformed the broader market in the past month or so. The Nifty IT Index is up by about 13% in the past 30 days while the Nifty is up by about 5%

Morgan Stanley ratings boost: Shares of TCS, Infosys, other IT majors rally

Brokerage says 2018 will be a year of turnaround for the IT pack; favours large-caps