Search
+
    Invest with Confidence. Lead with Insights.
    • Drench in the knowledge with exclusive insights, ePaper & smart market tools with ETPrime.

    Nifty IT index stocks: Will the announcement of second quarter earnings mark the end of the bad time for them?

    Synopsis

    If one looks at the recommendations of analysts, it appears that all of sudden they are finding everything wrong with IT stocks. Probably it is not only analysts who are bearish, even the management are not sounding confident. But is the consensus indication that all of them are going to be caught on the wrong foot. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.

    It is not only analysts who have made an absolute U-turn when it comes to IT stocks. At a recently held conference of a foreign brokerage house, management of an IT company commented that in their opinion, demand for IT services has bottomed out. The use of the word “ bottomed out” is an admission of the fact that these IT companies have been caught on the wrong foot when it comes to estimating demand during covid and shouting through the roof
    • FONT SIZE
    • SAVE
    • PRINT
    • COMMENT
    ET

    Uh-oh! This is an exclusive story available for selected readers only.

    Worry not. You’re just a step away.

    Why ?

    • Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors

    • Stock analysis. Market Research. Industry Trends on 4000+ Stocks

    • Clean experience with
      Minimal Ads
    • Comment & Engage with ET Prime community
    • Exclusive invites to Virtual Events with Industry Leaders
    • A trusted team of Journalists & Analysts who can best filter signal from noise
    • ​Get 1 Year Complimentary Subscription of TOI+ worth Rs.799/-​

    The Economic Times