IT remains precariously placed, says Jefferies; Infosys only ‘buy’

Jefferies said that with earnings risks persisting and the sector still trading at an 8 percent premium to its 10-yr average, it remains selective on the sector with Infosys as its only Buy.

Banks and IT sector outperformed alternately in the last 10 years; will this trend continue?

stock markets

Domestic brokerage house Motilal Oswal looks at the roles of two major and critical domestic sectors, which have crested multiple outperformers over the last decade – Banks and Information Technology. 

Accenture to cut 19,000 jobs but India impact unclear: Report

Accenture joins the list of companies that have announced layoffs. They are technology-product firms such as Meta, Google, Microsoft, and Amazon, noted BS.

After a 20% fall in 1 year, is it time to accumulate IT stocks? 6 analysts answer

On the back of the correction in the IT sector and is the time right to accumulate stocks from the space, should one wait longer before adding more or is it time to sell? Let's see what 6 experts have to say:

Global macro headwinds may moderate growth for Indian IT services industry in mid-term: ICRA

Rating agency ICRA, in its recent research report, has cited that given the Indian IT services industry generates about 60-65 per cent of revenues from the US market and 20-25 per cent from the European market, it remains susceptible to macroeconomic uncertainties and adverse regulatory changes in these key operating markets.

Some mid, smallcap IT stocks may double in the next one year, says Basant Maheshwari

stocks

Basant Maheshwari believes the market has discounted a recession in the US and pointed out that the local money has saved the Indian market from a crash.

Top brokerages remain mixed on IT sector post Accenture's Q1FY23 numbers

Accenture's revenue stood at $15.7 billion, up 15 percent year-on-year (YoY) in CC terms and 5.2 percent YoY in dollar terms.

Worst over for the IT sector? ICICI Securities says no; Here's why

The Nifty IT index has lost over 20 percent in the last 1 year and 26 percent in 2022 year-to-date (YTD). In comparison, the benchmark Nifty is flat in the last 1 year and up around 4 percent in 2022 YTD.

Shares stay muted as IT losses offset gains in bank stocks

The NSE Nifty 50 index rose 0.04% at 18,090.55 as of 0450 GMT, while the S&amp;P BSE Sensex was 0.07% higher at 60,946.57. The benchmark indexes fell as much as 0.6% each in early trades tracking decline in other Asian markets and Wall Street overnight. 

Why is Nifty IT down 30% in 2022 so far? should you buy in this correction?

All the constituents of the index have also been in the red in the past 1 year as well as in 2022, however, some recovery has been seen in the last 1 month with the start of the September quarter earnings season.

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IT remains precariously placed, says Jefferies; Infosys only ‘buy’

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