Published on Tue, Sep 16, 2008 at 11:21 | Source : CNBC-TV18
Updated at Tue, Sep 16, 2008 at 11:28
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JPMorgan sees FY09 India IT $ revenue hit by 2-3%
JPMorgan sees FY09 India IT USD revenue likely to hit by 2-3% if US problems rise. In FY10, IT USD revenue may hit upto 4-5% if US issue mount further. It expects no change in FY09, FY10 rupee EPS outlook for IT companies, reports CNBC-TV18, quoting NewsWire18.
JPMorgan sees FY09 India IT USD revenue likely to hit by 2-3% if US problems rise. In FY10, IT USD revenue may hit upto 4-5% if US issue mount further. It expects no change in FY09, FY10 rupee EPS outlook for IT companies, reports CNBC-TV18, quoting NewsWire18.
According to JPMorgan near-term sentiment looks weak and expects IT stocks to trade sideways. It also added, Merrill Lynch buyout to have limited impact on TCS and Satyam. Sell-off post Merrill Lynch, Lehman Brothers news offers chance to buy in the market.
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JPMorgan sees FY09 India IT USD revenue likely to hit by 2-3% if US problems rise. In FY10, IT USD revenue may hit upto 4-5% if US issue mount further. It expects no change in FY09, FY10 rupee EPS outlook for IT companies, reports CNBC-TV18, quoting NewsWire18.
