IT stocks at fresh 52 week lows

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IT stocks at fresh 52 week lows

This article was posted on Oct 8, 2008 and is filed under Stock News

MUMBAI: IT stocks continued to languish and traded at fresh 52 week lows in the first hour of Wednesday’s trade. Infosys Technologies touched a 52-week low of Rs 1196, while TCS touched a 52-week low of Rs 516.95.

Clearly, with the American economy close to recession, investors are exiting IT stocks ahead of their quarterly results declaration shortly.

source: Economictimes

Tags: calls, daytrading, free calls, intraday, tips

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