Page 7 - It Stocks
Why are investors dumping IT stocks on Dalal Street?
IT stocks have been on a downward spiral in 2022. In comparison, the Nifty50 index has moved up over 2% during this period. What is ailing the sector and why is it out of flavour on Dalal Street?
 "Why are investors dumping IT stocks on Dalal Street?")
High attrition, employee cost casts spell on IT stks; buy on dips: Analysts
The nervousness in the IT stocks, analysts believe, is on account of rising employee costs at a time the business growth has been modest year-on-year in the December 2021 quarter (Q3FY22)
 "High attrition, employee cost casts spell on IT stks; buy on dips: Analysts")
TCS, Wipro, Infosys, TechM, HCL Tech: Buy these stocks for up to 19% return
Infosys continues to defend the support from past four months; TCS shares have three supportive technical parameters that attract buying and accumulation.
 "TCS, Wipro, Infosys, TechM, HCL Tech: Buy these stocks for up to 19% return")
Tech Mahindra dips 4% on margin disappointment in December earnings
In the past one month, the stock has underperformed the market by falling 19 per cent as against a 1.7 per cent rise in the S&P BSE Sensex.
 "Tech Mahindra dips 4% on margin disappointment in December earnings")
Mastek tumbles 15% on muted numbers for the December quarter
Despite a 25% correction from its 52-week high level, Mastek has outperformed the market in the past one year by surging 147 per cent, as against a 20 per cent rise in the Sensex.
 "Mastek tumbles 15% on muted numbers for the December quarter")
Tech Mahindra on slippery ground post acquisition of European IT firm CTC
The company announced acquisition of 100 per cent stake in Europe-based Com Tec Co IT (CTC) and 25 per cent stake in two insurtech platforms for a total of EUR 330 million (about Rs 2,800 crore).
HCL Technologies tanks 7% on margin disappointment in December quarter
EBIT margins for services (IT services+ ER&D) were down 190 bps on a QoQ basis.
 "HCL Technologies tanks 7% on margin disappointment in December quarter")
Q3 earnings impact: Infy, TCS can rally up to 10%, Wipro may weaken further
TCS is heading towards Rs 4,200 followed by Infosys, which is moving in the direction of Rs 2,100
 "Q3 earnings impact: Infy, TCS can rally up to 10%, Wipro may weaken further")
Stocks to Watch: Infosys, TCS, Wipro, EaseMyTrip, Dixon, RITES, Voda Idea
The three IT majors - Infosys, TCS and Wipro shall react to the Q3 earnings reported on Wednesday after market hours this morning.
 "Stocks to Watch: Infosys, TCS, Wipro, EaseMyTrip, Dixon, RITES, Voda Idea")
Sensex jumps 533pts; Nifty ends above 18,200 led by RIL, Infy, Airtel
The BSE Midcap and Smallcap indices gained 1 per cent and 0.7 per cent, respectively. Telecom stocks logged smart gains after telcos pitched for 90-95 per cent cut in 5G spectrum auction prices
 "Sensex jumps 533pts; Nifty ends above 18,200 led by RIL, Infy, Airtel")
Stocks to Watch: Delta Corp, L&T, HCC, Anupam Rasayan, Voda Idea, IT shares
Delta Corp will be in focus ahead of its Q3 earnings, the stock is also in F&O ban. HCC may come under pressure owing to debt default.
 "Stocks to Watch: Delta Corp, L&T, HCC, Anupam Rasayan, Voda Idea, IT shares")
TCS gains 3%, nears record high as board to consider buyback on Wednesday
The stock was up 3% at Rs 3,979.90, trading close to its record high level of Rs 3,990 touched on October 8, 2021.
 "TCS gains 3%, nears record high as board to consider buyback on Wednesday")
Stocks to Watch: TCS, Bajaj Hind, JSW Steel, Yes Bank, Dish Tv, Airlines
TCS likely to be in limelight ahead of Q3 results, share buyback plan; Airline shares may also be in focus amid slump in demand.
IT index slips 4% in 2 days on profit booking following a strong 10% rally
The October-December (Q3) quarter is expected to be another strong quarter for IT companies after strong performance witnessed in Q2FY22.
 "IT index slips 4% in 2 days on profit booking following a strong 10% rally")
Infy, TCS, Coforge: IT stocks could be the best bets this earnings season
The major IT stocks like Infosys, LTI, Coforge continue to absorb selling pressure at the counters
 "Infy, TCS, Coforge: IT stocks could be the best bets this earnings season")
Stocks to Watch: RIL, Tata Motors, Maruti, NCC, Marico, Hind Zinc, IT stks
Auto majors Maruti and Tata Motors are likely to be in focus today, the former for registering highest exports in a calendar year, and the latter for becoming the second largest PV seller in India.
TCS gains 4% in three days, hits 13-week high; stock nears record high
In the past three months, TCS (up 2.5 per cent) has underperformed its peers Infosys (up 14 per cent), Wipro (13 per cent) and Tech Mahindra (30 per cent) by a wide margin.
 "TCS gains 4% in three days, hits 13-week high; stock nears record high")
Market wrap: Sensex, Nifty end flat; BSE IT index hits all-time high
Reliance, Tata Steel decline; NTPC gains 3% on plans to sell stake in newly formed renewable energy arm
 "Market wrap: Sensex, Nifty end flat; BSE IT index hits all-time high")
BSE IT index at an all-time high, up 10% in Dec on hopes of strong Q3 show
IT stocks were in demand on hopes of strong Q3 earnings post Accenture performance. 63 Moons has zoomed 117% this month, while stocks like CyberTech, Brightcom and D-Link have soared over 30% so far
 "BSE IT index at an all-time high, up 10% in Dec on hopes of strong Q3 show")
KPIT Technologies nearly doubles in 2 months on strong earnings outlook
The management had said the company is witnessing a robust demand environment resulting in strong order inflow and pipeline
 "KPIT Technologies nearly doubles in 2 months on strong earnings outlook")
