How TCS, Infosys and HCL Tech usually move for 30 days post Q3 results: Anand James

“IT stocks will be entering the results season on a low base and makes up for positive surprises. Incidentally, 59% of the time Nifty IT Index gave an average 6.4% return during the earnings period,” says Anand James, Chief Market Strategist at Geojit Financial Services NSE 0.32 %.

In an interview with ETMarkets, James said: “Out of the 4 times when Nifty IT index entered the earning season on a low base with negative returns in the 15 days prior to the earnings month, an average of 5.4% return was registered in the next 30 days encouraging us to scout for upside bets in this sector,” Edited excerpts: