LTIMindtree, Tech Mahindra, Wipro is information Technology companies of india. They all are service base companies.
Wipro is india’s 4th largest company in terms of market cap, while Tech Mahindra and LTIMindtree stood at 5th and 6 th positions.
Wipro was started by azim premji, Tech Mahindra by anand mahindra and LTIMindtree is a subsidairy company of Larsen and Turbo group.
LTIMindtree, Tech Mahindra, Wipro Q1 Results Date 2024
Currently LTIMindtree, Tech Mahindra and Wipro not announce their Q1 results date of 2024, but according to past date Wipro will annouce its quarterly results at 20 july 2023, while LTIMindtree annouce its results at 14 july 2023 and Tech Mahindra on 25 july 2023.
Also read :- LTIMindtree Record Date of Final Dividend 2023
This are not actual results date of IT companies all are base on past results date and timing. In all results season IT companies will first declared its quarterly results then financial and FMCG companies announce its board meetings.
All results season starts on June ending till August months. First TCS then Infosys launched quarterly results.
Will IT Stocks Recovered From Current Levels ?
IT stock from last 1-2 years are in bearish phase, but from last 2 months means from april 2023 NIFTY IT take support at 26,000 thousand levels and take u turn. When NIFTY IT will break 31,000 levels then IT stock in bullish phase.
NIFTY IT stocks give negative returns in 2022 while other sectors are in slight positive in 2022. NIFTY IT stock slowdown because of recession in United states, United Kingdom, etc due to reduce business in their top clients area they show negative growth and that directly affect companies net profit.
Stock in short run depend on buzz in market but in long term stock need to follow their fundamentals like annual results and quarterly reports.
From last 1 years IT companies net revenue not increases, but in this Q1 FY 2024 quarter if profit will incraeses then IT stock will become top gainers among other sectors.
LTIMindtree was trading at its resistance zone which is 5,000 levels once it break this level then stock may zoom upto 5,600 rupees.
Wipro fall more than 55 percent in last 2 years currently it show some bullish trend. If stock will sustain 410 levels then stock will go to 450 levels in 4-5 days.
Tech Mahindra resistance is 1,140 when it break this level then it may go to 1,370 in coming months.