IT major Infosys and Mastek shares are up over 3 per cent, MphasiS share price has surged over 2 per cent, Persistent Systems stock price has gone up near 4.60 per cent whereas Zensar Technologies share price appreciated around 2.95 per cent in the intraday trade session.
After this strong Accenture outlook for FY22, Indian stock market is expecting same strong guidance from Indian IT companies that may reflect in upcoming quarterly result of the Indian IT companies.
Speaking on the reason for rise in Indian IT stock price today; Saurabh Jain, Assistant Vice President — Research at SMC Global Securities said, “Global IT major Accenture has given strong business outlook for FY22.
Echoing with Sauravh Jain’s views; Ravi Singhal, Vice Chairman at GCL Securities said, “For the last 6-7 years, business numbers given by Indian IT companies have remained more or less in sync with Accenture.