Page 12 - It Stocks

IT stks factor in most positives; pay hike, promotion surprising: Analysts

'New era' for IT companies as they do better than other sectors in the coronavirus pandemic.

Wipro slips 6% on profit booking after Q2 results, buyback announcement

In past one month, Wipro had outperformed the market by surging 28 per cent, against 4 per cent rise in the S&P BSE Sensex.

Infosys Q2 preview: Large deal wins to drive revenue growth, say analysts

Edelweiss Securities expects revenue to grow 3.9 per cent QoQ in constant currency terms and 5.4 per cent QoQ in US dollar terms.

HCL Tech hits fresh record high ahead of Q2 results; soars 23% in one month

The company expects the revenue and the operating margin for Q2FY21 to be meaningfully better than the top end of the guidance it had provided in July 2020

Wipro Q2 preview: CEO's strategy to revive growth, Q3 growth guidance eyed

Key focus areas include commentary on verticals such as healthcare and retail and an update from the new management on the company's growth strategy.

Majesco hits new high, trades above proposed buyback price of Rs 845

In the past three months, the stock has zoomed 141 per cent as compared to a 10 per cent gain in the Sensex.

BSE IT index zooms over 1000 points; Mindtree, L&T Infotech rally 11%

At 11:32 am, the S&P BSE IT index, the top gainer among sectoral indices, was up 1,003 points or 4.7 per cent at 22,233 points, as compared to 1.4 per cent rise in the S&P BSE Sensex

Wipro rallies 5%, hits fresh 20-year high on share buyback plan

Wipro's board will meet on Tuesday, October 13 to consider buyback proposal.

RIL lifts markets; Sensex up 304 points, banking and IT stocks shine

There was, however, a mixed trend overseas after US President Donald Trump dashed hopes of a pre-election stimulus package

TCS Q2 preview: Ebit margin to see sharp expansion; buyback details eyed

According to analysts, the IT sector witnessed a good pick-up in demand for digital solutions resulting in improvement in the growth outlook for most of the companies.

Majesco freezes at 5% upper circuit, hits record high on buyback plan

The company said it has scheduled a meeting on Thursday, October 8, 2020 to consider a buyback proposal.

IT Q2 preview: Strong deal flow, traction in digital tech to drive earnings

According to ICICI Securities, Tier-1 IT companies will see revenue growth in the range of 1- 3.5 per cent in constant currency terms on a sequential basis.

TCS m-cap at Rs 10 trn, Wipro at 20-yr high; analysts see more gains ahead

At the bourses, the Nifty IT index hit a record high of 20,748 in intra-day trade on Monday, up 2.8 per cent at 20,677. In comparison, the Nifty50 index gained 1.2 per cent on the NSE

Investors push Indian IT majors' stock valuations to reach decade high

Top 5 are trading at 24.9x their trailing 12-mth net profit

IT stocks: Double-digit growth required to justify high valuation multiples

Over the last 3 months, the Nifty IT index has gained a whopping 35 per cent, almost 6 times the rise in the Nifty50

Accenture Q4FY20 earnings: Five key takeaways for the Indian IT companies

Analysts at Nomura note that Accenture's weakness is restricted to stressed verticals such as retail, manufacturing, travel, and energy, which contributed nearly 20 per cent of revenues.

HCL Tech shares hit a fresh record high as Co to acquire IT firm DWS Ltd

The acquisition is expected to be completed by December 2020.

IT stocks are a good bet even at the current levels: Naveen Kulkarni

IT stocks were expected to re-rate and that is happening now.

HCL Tech surprises street with strong revenue outlook, robust deal book

Demand to improve as IT spending is expected to increase across sectors

Tata Elxsi, Wipro hit 52-wk highs on expectation of good earnings in Q2FY21

In the past three months, Wipro outperformed the market by gaining 38 per cent against 16 per cent rise in the S&P BSE Sensex