Tech stocks outperform Nifty, Sensex as rupee tumbles to 8-month low; Infosys, TCS rake in the most Many technology companies export their services and earn money in dollar terms, hence any fall in rupee against greenback is always favourable to these companies.
Some pain, some gain; Q3 a mixed bag for IT companies BFSI and retail verticals of the IT firms continued showing weakness. Besides, the margins of IT players improved sequentially but shrank on an annual basis.
Q3 earnings, a mixed bag: Brokerages name 15 largecaps that should be on your radar Corporate tax rate cuts continued supporting earnings growth. BFSI and Consumer drove the earnings, while Metals dragged the aggregates.