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Below Perspective On Tech Stocks Shared By Mr. Anmol Das, Head of Research, Teji Mandi.

With the Oct inflation in the United States coming at 7.7% against expectations of 7.9% and previous month’s inflation of 8.2%, thereby hinting of some softening in inflation rates in the US. Since the US does not have any kind of shortage of Natural Gas and Oil for the winters, there are expectations of the Inflation to further soften and consumables prices to stabilize at same levels going ahead. Also, as we know that most of the large cap Indian IT companies have their largest share of revenue coming from their clients based in the US, so this is a positive news that might revive the sector further already under hope of improving attrition rates and margins upcycle from hereon. Also, with the benchmark indices at 52 week highs, and the previous leg of the market rally primarily led by PSU Banks, it probably be the time for the IT sector to outperform leading the next leg of market rally.

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