TCS, US Green Card program, H1B visa: Big triggers for IT stocks today - TCS, Infosys, Wipro, HCL Tech | Experts' views
Tata Consultancy is in focus.
· LiveMint Markets
IT stocks today: IT stocks are likely to remain in focus following Thursday evening’s developments around H-1B visas and TCS’s September-quarter results, which marginally surpassed market expectations.
The analysis
Against that, the stock is -0.2% on the day at ₹2,076.00, and has returned +2.1% over three months. It sits 38% below its 52-week high, which means a good deal of bad news was already in the price. The it sector has moved +1.1% over the same period, so Tata Consultancy is running 1.0 points ahead of its peers.
With Tata Consultancy, Infosys and Wipro all implicated, this reads as a IT-level move rather than a company-specific one, which is the more durable kind of signal.
Market context
- It touches several names at once (TCS, INFY, WIPRO, HCLTECH), which points to a sector-level rather than company-specific driver.
- Sector exposure: IT.
In this story
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