TCS, HCL Tech, Infy: How to trade IT stocks ahead of Q3 results?

The overall trend in the IT stocks have remained laggard and continues to bear high risk element.

Tata Consultancy Services will kick off the Q3FY23 results season on Monday and its outcome with future guidance will pave the way for the Information Technology (IT) sector going ahead. HCL Technologies and Infosys are next in line to report their earnings later this week.

IT index, overall, has been an underperformer for the entire CY2022, losing 26 per cent. While the index plummeted 23 per cent and 3 per cent in Q1FY23 and Q2FY23, it managed to regain modest sentiment by gaining 6 per cent in the Q3FY23.

Individually, the biggest losers so far in the current earning season