MoneyWorks4Me

IT stocks witness strong demand after better than expected earnings of Infosys

11 Jul 2014 Evaluate

IT stocks made a strong come-back in today’s trading session after IT major Infosys retained revenue guidance for the full year at the time of announcing Q1 June 2014 results. IT major Infosys' consolidated net profit as per International Financial Reporting Standards (IFRS), though fell 3.5% to Rs 2886 crore on 0.8% decline in revenue to Rs 12770 crore in first quarter ended, June 2014 as compared to fourth quarter ended March 2014.

Wipro is currently trading at Rs. 552.70, up by 7.90 points or 1.45 % from its previous closing of Rs. 544.80 on the BSE. The scrip opened at Rs. 554.00 and has touched a high and low of Rs. 556.00 and Rs. 547.40 respectively. So far 107133 shares were traded on the counter.

HCL Technologies is currently trading at Rs. 1498.90, up by 27.75 points or 1.89 % from its previous closing of Rs. 1471.15 on the BSE. The scrip opened at Rs. 1497.00 and has touched a high and low of Rs. 1509.00 and Rs. 1482.60 respectively. So far 33747 shares were traded on the counter.

Tata Consultancy Services is currently trading at Rs. 2400.05, up by 52.15 points or 2.22 % from its previous closing of Rs. 2347.90 on the BSE. The scrip opened at Rs. 2376.00 and has touched a high and low of Rs. 2409.00 and Rs. 2368.70 respectively. So far 51883 shares were traded on the counter

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