Page 28 - Latest Updates on What next for stocks of IT firms

HCL Tech shares hit a fresh record high as Co to acquire IT firm DWS Ltd

The acquisition is expected to be completed by December 2020.

IT stocks are a good bet even at the current levels: Naveen Kulkarni

IT stocks were expected to re-rate and that is happening now.

HCL Tech surprises street with strong revenue outlook, robust deal book

Demand to improve as IT spending is expected to increase across sectors

Tata Elxsi, Wipro hit 52-wk highs on expectation of good earnings in Q2FY21

In the past three months, Wipro outperformed the market by gaining 38 per cent against 16 per cent rise in the S&P BSE Sensex

Hexaware Tech, Wipro: Are IT stocks a safe bet in the current market?

On a year-to-date (YTD) basis, the Nifty IT index has outperformed the market by surging nearly 18 per cent (as of Tuesday's close) as compared to a 7 per cent fall in the benchmark Nifty50

Nifty IT index hits record high on swift recovery hope; TCS hits new peak

TCS, Infosys, Wipro, Larsen & Toubro Infotech, Coforge and HCL Technologies from Nifty IT index were up in the range of 2 per cent to 4 per cent on the NSE

Indian IT companies to see a re-rating similar to FAANG stocks: Edelweiss

Thus far in CY20, the Nifty IT index has risen 15.5 per cent as compared to over 5 per cent decline in the benchmark Nifty50 index.

Market looks expensive as earnings are likely to dip in FY21: Mihir Vora

This flood in global liquidity allows us the luxury to look beyond the immediate future i.e. FY21 and focus beyond i.e. FY22.

RIL, HDFC Bank help indices end 4-day losing streak; Sensex gains 748 pts

All that happened in the markets today

IT stocks slip as Trump signs order to restrict H-1B visa use; TCS falls 1%

"Today I am signing an executive order to ensure that the federal government lives by a very simple rule. Hire American," Trump said.

Nifty IT index hits record high; Infosys, TCS, HCL Tech gain over 2%

Thus far in the month of July, the Nifty IT index has outperformed the market by surging 19 per cent as against Nifty 50 index which was up 8.25 per cent during the same period

BSE IT index hits record high on strong Q1 show by Infosys, L&T Infotech

Infosys, TCS, HCL Technologies and Larsen & Toubro Infotech from the BSE IT index hit their respective record highs today

Infosys, HCL Tech, L&T Infotech, Granules, Laurus Labs hit record highs

Reliance Industries, Larsen & Toubro Infotech and Dr Lal Pathlabs from S&P BSE500 index hit record highs today.

IT shares extend gain; Infosys rallies 9%, TCS surges 7% in one week

TCS on Tuesday said its board will meet on July 9 to approve the financial results for the June quarter.

IT stocks surge post Accenture's good Q3, but gains may be limited

In fact, Accenture's 6 per cent growth in new order bookings was also led by outsourcing contracts, and it also raised its lower-end revenue growth guidance

IT stocks rally post encouraging Q3 results by Accenture; Infosys jumps 7%

The S&P BSE Information Technology index ended over 5 per cent higher at 15,125 levels.

IT stocks: Street shrugs off Trump's extension of ban on H1-B visas

Work-from-home and increased local hiring should help mitigate its impact

IT stocks muted as US may announce foreign workers' visa restrictions today

"We're going to be announcing something tomorrow or the next day on the visas," Donald Trump said on Saturday.

IT stocks: Investors should wait till clarity on growth, margin emerges

Fewer deals wins, delay in ramping up of existing deals and likely price cuts are key worries expected on the back of subdued demand, thanks to the disruption in the global economy

Growth, margin uncertainty likely to impair recovery in IT stocks

Scaling up of new deals and lowering costs are imperative for the up to 33 per cent gains in share prices to sustain