Page 2 - Nifty It Stocks

Are IT stocks a good contrarian bet from a one-year perspective?

Despite the ongoing selloff and the global macroeconomic stress, analysts say that the IT sector still remains a preferred bet from a long-term perspective

Infosys hits 52-week low, slips 14% in one month amid growth worries

The stock was tracking losses in global markets, as the US Fed raised interest rates an another 75 bps on Wednesday.

Search for growth

Tech sector is adjusting to the post-pandemic world

Nifty IT index tumbles nearly 4% on growth concerns; Infosys down 5%

On Wednesday, shares of TCS, Infosys, Coforge, Tech Mahindra, Larsen & Toubro Infotech, L&T Technology Services and Mindtree were down in the range of 3 per cent to 5 per cent

Indices see best weekly gains in over a month; IT, pvt bank stocks lead

Both indices ended the day off their intraday highs, with the Sensex finishing at 59,793, up 105 points or 0.18 per cent, while the Nifty50 at 17,833, up 35 points or 0.2 per cent

Deja vu? Key reasons why Jefferies thinks the market rally may not sustain

The information technology sector (IT), Jefferies believes, remains at significant risk of sell-off if the Nifty were to correct

Nifty IT slips nearly 5% in a bearish market; Tech M, Infosys fall up to 6%

In the past eight days, the Nifty IT index has slipped 10 per cent, as compared to 4 per cent decline in the Nifty 50 index

Charts show Nifty IT index has bottomed out: 4 stocks can rally up to 24%

MindTree, Mphasis and Larsen & Toubro Infotech may rally up to 24 per cent, while Infosys needs to overcome its near-term hurdle for fresh gains.

Infosys Q1FY23 results: Here's how brokerages have interpreted the numbers

Going ahead, brokerages believe that the margin headwinds like travel costs, wage inflation will continue to persist in Q2FY23 as well.

Infosys net profit likely to surge up to 10% YoY in Q1FY23, say analysts

Infosys Q1 preview: Investors will closely monitor the management's commentary on clients' IT spending, demand environment amid macro stress, margin outlook, and growth guidance for FY23

Wipro, Tech Mahindra: Jefferies downgrades six IT stocks on recession fears

Earlier in May, analysts at JP Morgan had downgraded the Indian IT sector citing growth concerns. Rising margin headwind in the near-term, JP Morgan had said then, was one of the key concerns.

Rub-off effect: Spooked by TCS Q1 results, IT pack suffers losses

The Nifty IT index tanked over 3 per cent in early trade on Monday when compared with a 0.5 per cent fall on the Nifty50 index

Sensex up 303 pts, Nifty tops 16,200; banks, FMCG shine; metals sole losers

CLOSING BELL: L&T, PowerGrid, NTPC, ICICI Bank, DR Reddy's Labs, Axis Bank, Bharti Airtel, and Nestle India were the top large-cap gainers

TCS Q1 revenue may rise up to 16% YoY, say analysts. What brokerages expect

Analysts expect EBIT margin to decline sequentially due to higher retention costs, wage revision, and increased travel costs. They peg margins in the range of 100 to 150 basis points (bps).

Ahead of Q1 results: Sell-off in IT stocks not over yet; TCS can fall 14%

Shares of major IT stocks are trading near key support levels, if that breaks a severe downside seems imminent, indicate charts.

Markets end the day with tiny losses even as heavyweight RIL tanks 7%

If not for RIL's steep correction, the index could have closed nearly 500 points higher

Sensex falls 153pts; Nifty below 15750; Bajaj Auto dips 5%, Adani Ent up 6%

CLOSING BELL: Select IT, metals, and pharma stocks helped the headline indices recover from the day's low

Investors book profit day ahead of RBI policy outcome; Sensex falls 568 pts

CLOSING BELL: The NSE Nifty50, held the crucial 16,400-mark to shut shop at 16,416, down 153 points

Tech funds run into rough weather in CY22, IT firms' stocks do well

Indian IT services sector is expected to benefit from digital transformation, particularly aided by cloud adoption.

Nifty IT index slips 5%; Infosys, Tech Mahindra, LTTS, Wipro down over 5%

The deterioration of the US corporate sector profitability would lead to tighter IT spending