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Infosys, TCS, Wipro: Trading strategies for IT stocks post their Q2 results

Here's how these three heavyweights look on the technical charts post their respective Q2FY20 results.

Avdhut Bagkar  |  Mumbai 

The second quarter results for financial year 2019 – 20 (Q2FY20) of information technology (IT) majors have been a mixed bag. For Q2, Wipro posted a 35.1 per cent rise in its net profit at Rs 2,552 crore. During the quarter, consolidated revenues of the Bengaluru-headquartered firm rose 4 per cent on year-on-year (YoY) basis at Rs 15,125 crore.

Tata Consultancy Services (TCS), on the other hand, posted 1.8 per cent year-on-year (YoY) rise in its net profit at Rs 8,042 crore for Q2FY20. On a sequential basis, the numbers slipped 1.09 per cent. For the period under review, ...

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First Published: Fri, October 18 2019. 08:59 IST
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