Tag Archives: mphasis

Tech stocks: Tech stocks rally up to 18% in a week, Is the worst over for IT pack? – Blue Barrows

New Delhi: After a sharp beatdown over the past few weeks, IT stocks emerged as the best performers, rising up to 18 per cent in the last five sessions from the close on the first Friday of August 2022. IT stocks in the recent weeks have remained under pressure lately, with stocks eroding up to […]

trading ideas: Big Movers on D-St: What should investors do with HCL Tech, Mphasis and Hero MotoCorp? – Blue Barrows

The Indian market recouped some losses on Monday but still fell over 1 per cent. The S&P BSE Sensex plunged more than 800 points, while the Nifty50 managed to hold on to 17,300 levels. Sectorally, selling was seen in IT, banks, metals, finance, and public sector stocks, while buying was visible in FMCG and Oil […]

IT stocks: Recession fears can pull IT stocks lower – Blue Barrows

Mumbai: Indian IT stocks may remain out of investors’ favour in the near term as growing concerns over recession in the US and Europe could erode companies’ earnings growth. Analysts see a likelihood of further downgrades with companies’ profit margins expected to come under pressure over the next few quarters. The Nifty IT index declined […]