Movement in stocks of information technology majors is likely to remain stock-specific next week as investors will track companies' Jul-Sep earnings to take a further view on them. Stocks of Infosys, which posted a disappointing Jul-Sep performance yesterday, are seen under pressure next week, but Tata Consultancy Services' scrip is likely to remain rangebound ahead of the company's earnings on Friday. Yesterday, stocks of Infosys ended down over 5% after the company disappointed investors by posting lower-than-expected dollar-revenue growth, and said its margins for 2012-13 (Apr-Mar) may fall by 200 basis points year-on-year. Investors will also watch out for earnings of mid-size IT companies such as CMC on Monday, Mindtree and Zensar on Tuesday, and Mastek on Friday.
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