Investors Dump IT Stocks Ahead of TCS Results

Subscribe to GoodReturns
For Quick Alerts
For Daily Alerts

    Investors for the first time are not gung-ho on IT stocks and have begun dumping Infosys, Wipro and HCL Tech, Tech Mahindra ahead of results from TCS.

    Investors Dump IT Stocks Ahead of TCS Results
    Infosys: Quotes, News
    BSE 676.35BSE Quote17.2 (-2.54%)
    NSE 676.60NSE Quote17.8 (-2.63%)
    Tata Consultancy Services: Quotes, News
    BSE 1987.70BSE Quote5.55 (-0.28%)
    NSE 1987.85NSE Quote6.45 (-0.32%)
    Infosys and Wipro were down 2 per cent each, while Rolta slumped 10 per cent, while HCL Tech was down 2 per cent.

    Analysts expect TCS to show muted growth in dollar revenue guidance. Also, most of the companies in the space are likely to be impacted by cross currency headwinds. TCS's dollar revenues are seen muted, while operating margins are expected to fall nearer to 26.7 per cent from 27 per cent.

    Some analysts are predicting that the cross currency headwinds for the company will impact margins to the extent of at least 4 per cent.

    TCS will set the tone for IT companies when its results will be declared after market hours today.

    Read more about: tcs infosys
    Story first published: Thursday, April 16, 2015, 11:37 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more