IT Stocks Outlook for the week – 08 to 12.06.2015
(Rupee
movement eyed for Tech companies)
( www.rupeedesk.in )
Signs
to technical weakness in the rupee, after it crossed the crucial level of 64
rupees against the dollar, are expected to keep trader interest around
information technology stocks.
Announcements,
during this week, by frontline companies such as Infosys and Wipro related to cutting
attrition and incentivising staff are seen keeping these stock.
Wipro
raised salaries by up to 7% for offsite employees, while Infosys said it is
looking at a stock option plan. Encouraging outlook from Infosys CEO Sikka at
an analyst meet in San Francisco on an improving demand environment is expected
to keep sentiment positive.
