Pre-result rally seen in IT stocks

posted by   abhishek (67)   8 months ago (123sensex.blogspot.com)

MUMBAI: After lying low, the information technology sector is witnessing renewed investor interest. The BSE IT Index was up over 3 per cent on Thursday. The index has gained 6.02 per cent in the past one month. Analysts said the rise in IT stocks is a typical pre-result rally. "This is a pre-result build-up in the sector. Generally before the earnings season, IT stocks tend to move up in antic