Stocks of most information technology companies are likely to be rangebound over the next five sessions, that a few of these stocks may witness some correction. Stocks of most technology companies ended down this week tracking a strong rupee against the US dollar. While the trend is positive for Infosys, Tata Consultancy Services, and HCL Technologies are expected to see some correction if they drop below their support levels. BofA-ML said Infosys seemed to be course-correcting its response in the commoditised application and information technology infrastructure maintenance business, where it was losing share, by exploring alternate delivery models.
IT Stocks Outlook: 24-28.09.2012
Stocks of most information technology companies are likely to be rangebound over the next five sessions, that a few of these stocks may witness some correction. Stocks of most technology companies ended down this week tracking a strong rupee against the US dollar. While the trend is positive for Infosys, Tata Consultancy Services, and HCL Technologies are expected to see some correction if they drop below their support levels. BofA-ML said Infosys seemed to be course-correcting its response in the commoditised application and information technology infrastructure maintenance business, where it was losing share, by exploring alternate delivery models.
