IT sector: After mixed March quarter results, brokerages say 'stay selective'; near-term pressure remains

Post the March quarter results, brokerages believe that the near-term outlook for the IT space is worsening and suggest investors 'stay selective'.

IT sector: Top 5 parameters to analyse tech firms that investors should focus on

<ul><li>In this article, we'll explore the key metrics that investors should focus on to analyse IT stocks so that they can make informed investment decisions.</li></ul>

Mutual funds buy the dip in IT stocks; invest ₹9,500 crore in 2023: Report

As per the report, IT stocks were MFs' top sectoral buys in April when they invested a net of ₹2,100 crore. In the first four months of 2023, the net investments in IT amounted to ₹9,500 crore.

Tech fall: IT mutual funds disappointed investors big time in fiscal 23; what should you do now?

In the financial year 2022-23, Nifty IT index declined by a whopping 21 percent while Nifty50 fell 1.8 percent during the same period, shows the NSE data.

Earnings Preview: Q4 likely to be a weak quarter for IT sector; prefer Tier-I over Tier-II stocks, says MOSL

Kickstarting the fourth quarter earnings season, Tata Consultancy Services (TCS) will announce its March quarter earnings (Q4FY23) on April 12, 2023.

IT sector revenue likely to plunge 700-900 basis points in fiscal 2024

The information technology (IT) services sector in India is expected to see a decline in revenue growth by 700-900 basis points (100 basis points is equal to 1 percentage point) in fiscal 2024 amid global macroeconomic and financial sector headwinds, according to a Crisil report.

IT Sector: DART has 0 'buy' calls and 2 ‘sell’ calls among top 10 stocks; says midcaps more vulnerable

Analysing the top 10 companies in the IT space, the brokerage had zero ‘buy’ calls and only two ‘accumulate’ calls. Meanwhile, it had 5 ‘reduce’ calls and 2 ‘sell’ calls.

2023 will belong to the IT sector, says Kirtan Shah of Credence Wealth Advisors

In an interview with MintGenie, Credence Wealth Advisors’ Kirtan Shah shared one must have a mix of large, mid &amp; small-cap schemes while building a portfolio.

IT sector recovers in 2023 after a weak 2022: Emkay lists 6 reasons to invest in this space

Emkay expects the Indian IT companies to do well basis their experience over the past two decades in handling disruption, changing geographical presence, currency gains, attractive valuation, etc.

Moderation in cloud growth intensifies near-term uncertainty for IT, says Motilal Oswal

IT stocks

Hyperscaler growth is an important forward-looking metric for demand at IT services companies, given the scale of enterprises spending on cloud migration.

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IT sector: After mixed March quarter results, brokerages say 'stay selective'; near-term pressure remains

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