Shares of information technology (IT) companies are in demand after Cognizant raises full year profit and revenue forecast.
Tata Consultancy Services (TCS), Wipro, Tech Mahindra, Infosys and HCL Technologies are trading higher in the range of 1-3% on the Bombay Stock Exchange (BSE).
The BSE IT index, the largest gainer among sectoral indices, was up 1.27% as compared to 0.17% rise in benchmark S&P BSE Sensex at 1115 hours.
The New Jersey-based leading IT services firm Cognizant Technology Solutions Corp on Tuesday, 5 November 2013, raised its full-year forecast for both profit and revenue at the time of announcing its Q3 result September 2013 results.
For 2013, it now expects revenue to be at least USD 8.84 billion, a growth of at least 20.3% over 2012. The company had given a guidance of 19% growth in revenue (USD 8.74 billion) compared to 2012, the PTI report suggests.
Among the individual stocks, Tech Mahindra was up nearly 3% at Rs 1,564, followed by TCS (up 2% at Rs 2,078), Wipro (1.4% at Rs 486) and Infosys (1% at Rs 3,294).
The BSE IT index, the largest gainer among sectoral indices, was up 1.27% as compared to 0.17% rise in benchmark S&P BSE Sensex at 1115 hours.
The New Jersey-based leading IT services firm Cognizant Technology Solutions Corp on Tuesday, 5 November 2013, raised its full-year forecast for both profit and revenue at the time of announcing its Q3 result September 2013 results.
For 2013, it now expects revenue to be at least USD 8.84 billion, a growth of at least 20.3% over 2012. The company had given a guidance of 19% growth in revenue (USD 8.74 billion) compared to 2012, the PTI report suggests.
Among the individual stocks, Tech Mahindra was up nearly 3% at Rs 1,564, followed by TCS (up 2% at Rs 2,078), Wipro (1.4% at Rs 486) and Infosys (1% at Rs 3,294).
