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it sector outlook: Don't see an upgrade in IT sector from an earnings standpoint: Manik Taneja, Axis Capital

Manik Taneja says Axis Capital has reduced sell ratings for most tier I and tier II companies, except for Tech Mahindra which is rated positive. The positive reaction to stock prices is driven by companies reporting in line to a beat to modest expectations. The sector has underperformed compared to benchmarks, leading to some catch-up. However, the earnings trend continues to be mixed.
Uttar Pradesh Manik Taneja Indian School Of Business Offering College Executive Director Axis Capital

Welspun India, Patanjali Foods among 7 stocks with bearish RSI

On August 7, StockEdge reported 7 such stocks. ETMarkets has handpicked these stocks for a closer examination. Delve into the significance of RSI in assessing stock movements and how a bearish RSI trend in overbought stocks can impact investment decisions. Please note that the data for stocks with bearish RSI trends in the overbought zone on August 8 will be updated later today.
Jubilant Foodworks Ltd Finolex Industries Firstsource Solutions Ltd Patanjali Foods Ltd Welspun India Ltd Importance Of Assessing Stock Movement

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