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Slowing IT Growth Confirmed by TCS & Infosys - May Trigger Investor to Shift Investment in Infrastructure, Metal and Defence

It seems that long term  IT sector investor will be going bumpy ride. TCS and infosys both came out with their number and managed to meet profit expectations but indicated that tough times are yet to come. 

Both the organization clearly stated that client pulled the plug on IT investment due to one or another reason. It is expected that most of the Indian IT companies are going to slash their revenue and profit guidance for both FY17 & FY 18.

It is also expected that investor may pull out their investment from IT sector and redeploy it in infrastructure, defence, metal and durable sector. Recently government announced many institute project which will automatically trigger the attached sector like metal ,cement etc. It is also being observed that many domestic and international fund managers are trusting profitable mid and small cap for better return and they also achieved that.

The IT sector investors should be vigilant while investing IT in coming quarter as probability is higher that investor will get trapped. Please don't play around with F&O market

Disclaimer : Please consult your financial advisor before investing

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About Devendra Prasad

20 years plus industry veteran of domestic and international ICT domain with the expertise in Business, Technology, Strategy and Analysis. Specializes in forecasting impact analysis, trends and recommendations for Investments, Technology and Regulations.
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