Stocks of domestic information technology companies are likely to move in a narrow range next week due to weak global markets and stagnancy in the dollar-rupee movement. Stocks of most technology companies ended down this week as the Indian IT Industry was following global market cues. The broad trend is in the negative side with no major activity being noticed in the rupee-dollar levels,
However, bullish on Tata Consultancy Services, and expect some profit booking in the stock. Stocks of HCL Technologies and Satyam Computer Services are also expected to perform better compared with Infosys and Wipro Technologies Following its merger with Mahindra Satyam (likely to be over in next few months), Tech Mahindra will have a huge base of 500 plus clients. This, coupled with Tech Mahindra's client mining capability, will impart a high impetus to the company over and above the significant operational leverage in terms of employee fungibility, which would help enhance utilisation and margin improvement. By RUPEE DESK [email protected] -- You received this message because you are subscribed to the Google Groups "Kences1- Rupeedesk" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/kences1?hl=en.
