Page 15 - It Stocks

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

IT stocks rally as Morgan Stanley upgrades rating; sector set for revival

Large-cap information technology (IT) stocks rallied on Tuesday on the back of a rating upgrade by influential brokerage Morgan Stanley. Shares of Tata Consultancy Services (TCS), Infosys and Wipro gained around four per cent each after the brokerage revised upwards their price targets between five per cent and 26 per cent."Indian IT services stocks could be set for a turnaround in 2018," said Morgan Stanley analysts Parag Gupta and Gaurav Rateria in a note dated January 15. "Valuations are at or below long-term averages and an improving global macro could spur tech spending, which could re-rate stocks," the duo said adding that they prefer large caps.Shares of midcap IT stocks underperformed with Mphasis, Cyient and Mindtree ending with losses. The benchmark Sensex ended 72.5 points, or 0.2 per cent lower, even though TCS, Infosys and Wipro made a 158-point contribution. The BSE IT index gained 3.3 per cent and was by-far the best-performing sectoral index.The technology pack has ...

IT, ITeS stocks trade mixed on reports of Rs 10,000 cr service tax demand

The service tax department has sent notices to about 200 IT and ITeS companies so far, the report claimed

IT sector seeing disruption, stocks underperforming: Should you go contra?

Analysts see growth remaining muted for the next two years, advise stock-specific approach

Should you buy IT stocks amid changing business environment?

The BSE IT index has shed over 3% year-to-date, compared with a sharp 12% gain seen on Sensex

IT stocks catch cold as Trump warms up to outsourcing curbs

Valuation gap between top IT stocks and Sensex widest since 2009 on low export growth fears

IT stocks drop 4% on H1-B visa fears, Rs 33k cr m-cap knocked off

According to experts, Trump plans to overhaul work-visa programmes that dampened investor mood

India readies to do business with Trump

Congruence on terrorism, current disquiet on immigration, short-term visa would top the wish list

Experts say IT stocks not as cheap as they appear

According to them, current valuations don't capture structural demand issues and potential impact of global events

Why weaker rupee hasn't lifted IT stocks

Companies pass on gains arising from currency depreciation amid subdued demand environment

Funds prune allocation to IT stocks

Underweight on the sector since January amid concerns over growth prospects; no early reversal seen