Shares of information technology (IT) companies are in demand after Cognizant raises full year profit and revenue forecast.
Tata Consultancy Services (TCS), Wipro, Tech Mahindra, Infosys and HCL Technologies are trading higher in the range of 1-3% on the Bombay Stock Exchange (BSE).
The BSE IT index, the largest gainer among sectoral indices, was up 1.27% as compared to 0.17% rise in benchmark S&P BSE Sensex at 1115 hours.
The New Jersey-based leading IT services firm Cognizant Technology Solutions Corp on Tuesday, 5 November 2013, raised its full-year forecast for both profit and revenue at the time of announcing its Q3 result September 2013 results.
For 2013, it now expects revenue to be at least USD 8.84 billion, a growth of at least 20.3% over 2012. The company had given a guidance of 19% growth in revenue (USD 8.74 billion) compared to 2012, the PTI report suggests.
Among the individual stocks, Tech Mahindra was up nearly 3% at Rs 1,564, followed by TCS (up 2% at Rs 2,078), Wipro (1.4% at Rs 486) and Infosys (1% at Rs 3,294).
The BSE IT index, the largest gainer among sectoral indices, was up 1.27% as compared to 0.17% rise in benchmark S&P BSE Sensex at 1115 hours.
The New Jersey-based leading IT services firm Cognizant Technology Solutions Corp on Tuesday, 5 November 2013, raised its full-year forecast for both profit and revenue at the time of announcing its Q3 result September 2013 results.
For 2013, it now expects revenue to be at least USD 8.84 billion, a growth of at least 20.3% over 2012. The company had given a guidance of 19% growth in revenue (USD 8.74 billion) compared to 2012, the PTI report suggests.
Among the individual stocks, Tech Mahindra was up nearly 3% at Rs 1,564, followed by TCS (up 2% at Rs 2,078), Wipro (1.4% at Rs 486) and Infosys (1% at Rs 3,294).
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%