Page 29 - Latest Updates on What next for stocks of IT firms

Market Wrap, May 14: Here's all that happened in the markets today

Sectorally, IT stocks took the biggest knock as the Nifty IT index declined 3.5 per cent to 13,293.70 levels. Nifty Bank lost 566 points or nearly 3 per cent to 19,068.50 levels

IT stocks slide after Wipro's weak Q4 show; TCS slips 2% ahead of results

Infosys was trading nearly 4 per cent lower at Rs 614.75 while Tech Mahindra was down over 3 per cent

Nifty IT index tumbles over 5%; Tech Mahindra, NIIT Tech among top losers

In the past one week, shares of most IT companies have slipped amid rapid spread of coronavirus. Tata Elxsi, Mindtree, HCL Technologies, and Wipro have plunged in the range of 6-8 per cent.

Indian IT, telecom safe-haven bets amid coronavirus scare: BNP Paribas

Among the Asian economies, the ensuing decline in trade and tourism could impact Thailand, Singapore, Malaysia and Korea the most - in that order, and Indonesia and India the least

Budget day trading: IT resilience continues as stocks gain over 1%

The other factor which aided gains in IT stocks was the "defensive" nature of the sector.

Stocks of IT companies among the top-performing defensive sectors

In the last three months, the IT index has delivered returns of 11.44 per cent, whereas the Nifty Pharma has delivered returns of 7.3 per cent

IT stocks gain on weak Rupee; TCS, NIIT Tech climb 3%

The Nifty IT index was trading 1.84 per cent higher as compared 0.3 per cent dip in the benchmark Nifty50 index

Cyient, TCS slip over 0.5% amid report Boeing 737 Max crisis to hit IT cos

According to the report, firms such as TCS, HCL Tech, Infosys, Cyient, and L&T Technology Services have direct exposure to Boeing or its suppliers' ecosystem

IT stocks slip; TCS, Wipro fall over 1% as rupee hits one-month high

For the recently-concluded September quarter, large-cap IT services firms delivered a mixed performance.

IT stocks tumble; Nifty IT index falls over 2%, Infosys plunges 4%

The brokerage, as per reports, noted that the IT sector, as a whole, will face cyclical hiccup ahead and the current valuation of the sector is at premium to historical average.

Infosys slips 3% on closure of share buyback, recovery in rupee

In the calendar year 2019, Infosys has outperformed the market by surging 22 per cent as compared to a 4 per cent rise in the Sensex and 12 per cent gain in the S&P BSE Information Technology index.

Analysts bullish on mid-cap IT stocks as valuations turn attractive

They also remain optimistic on the road ahead for the IT sector given the sharp fall in rupee's value against the US dollar.

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.

Tech Mahindra surges over 5% after securing multi-year deal with AT&T

With this deal, TechM will assume management of many of the applications which support AT&T's network and shared systems.

Is Infosys a good bet post Rs 8260-crore buyback? Here's what charts say

The stock has absorbed all the selling pressure in the range of Rs 760 - Rs 770 and is ready for a fresh upside. Although it witnessed mild selling above Rs 800, the overall trends still looks bullish

Infosys jumps over 5% on healthy Q1 results, other IT stocks rise too

Infosys on Friday reported a 5.26 per cent year-on-year (YoY) rise in net profit at Rs 3,802 crore while it dropped 6.8 per cent sequentially.

Mastek tanks 10% after net profit in June quarter dips 12% sequentially

Revenue from operation during the quarter under review dipped 7 per cent from Rs 247 crore to Rs 267 crore in March quarter.

Regulatory changes, margin pressure likely to weigh on IT stocks

If demand and margins fail to recover, there could be further de-rating of IT stocks, says an analyst

IT stocks fall after Cognizant cuts 2019 revenue guidance; TCS drops 2%

Cognizant forecast 2019 revenue growth in the range of 3.6 per cent and 5.1 per cent in constant currency, compared with between 7 per cent and 9 per cent earlier.

10 IT stocks that doubled your money in three years

During the window, rupee has depreciated 9 per cent to Rs 72/USD against 66 levels in November 2015.