IT Stocks
Outlook for the week – 20 to 24.07.2015
(Seen in Negative Bias next week)
( www.rupeedesk.in )
Stocks of the information
technology companies are expected to continue trading with a negative
bias next week, with focus on the
results of Infosys on Tuesday. The information technology
company's consolidated bottomline
is seen falling 2% sequentially to 30.3 bln rupees as margins
get hit by a rise in wages and
visa costs.
The outlook for Infosys is seen
weighed by the weak results of peer Tata Consultancy Services,
which did not meet revenue
expectation. TCS' Apr-Jun net profit in the quarter too declined 4%
sequentially, if the one-time
expense on staff bonus is excluded from the preceding quarter.
Market participants will focus on
Infosys' revenue gains from the digital space, as TCS had reported
12.5% growth in revenue in this
segment.