February 21, 2018 / 4:42 AM / a month ago

BUZZ-India's IT stocks up; NASSCOM FY rev guidance seen as positive

** Nifty IT index rises as much as 1.3 pct in second consecutive session of gains

** Tech Mahindra and HCL Technologies up about 2 pct; top pct gainers on NSE index

** Wipro Ltd, Tata Consultancy Services Ltd and Infosys Ltd up about 1 pct each

** India’s software services exports to see revenue growth of 7-9 pct in constant currency terms in FY19, lobby group NASSCOM forecast on Tuesday

** Improved guidance consistent with recent commentary from IT cos, reaffirms “our view that the trough is behind us in the near term,” Goldman Sachs analysts write in a note

** Macquarie analysts expect FY19 to be marginally better than FY18 for revenue growth for large-cap Indian IT cos

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below