No bear hug for Infosys?
The bears might have taken hold of equity markets but technology stocks have managed to stay away from the bear fever. As the rupee slipped in the last few months, the scope of profits rose for IT majors. Add to that tax benefits that were restored for one more year for Infosys, Wipro and the like. Brokerages see revenues to rise 7.5 per cent to Rs 4881 crore, quarter on quarter and profit is likely to remain flat at Rs 1252 crore.
