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Nifty IT index is probably among very few sectoral indices which are still below the high they had touched in October 2021. Yes, the sector has some headwinds which not many had thought would appear two years back. But the bigger question is whether this phase of underperformance is about to get over or not. It might be too early to say as short term performance could be many reasons, but the way stocks have reacted to bad news and see sharp upward movement with slightly positive news, it might be worth bringing them back on watch list and shed the bias of looking at all IT stocks with a colou...

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. Simple average of the above-mentioned five component ratings is normally distributed to reach an average score.

Year 2024, started with contrarian buy call by note by a large foreign brokerage and the impact on the IT stocks is visible as they stand out in green territory. One of the basic principles of figuring out whether the stock prices have bottomed out or have topped out is how they react to the negative and positive news. It is after a long period of time that IT stocks have reacted to positive news. When news is bad and most are skeptical it is time to look at businesses which have a track record of delivering and have strong balance sheets but due to some reason out of favour. Stock Reports Plu...

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. Simple average of the above-mentioned five component ratings is normally distributed to reach an average score. Each stock is ranked on a scale of 1 to 10.

One of the basic principles of figuring out whether the stock prices have bottomed out or have topped out is how they react to the negative and positive news. Now let's use the same thing on Infy, two bad news in quick succession, first the resignation of the CFO and then more than a billion US dollars getting canceled. Let's look at what happened when both the news came. The resignation news came post the market hours and the Infy ADR and initial sharp cut, but then recovered. Next day the infy stock hardly lost any weight. On Tuesday, news of cancellation of a sizable contract came, the imp...