Why all software touch 52 week LOW

#1
Hi all,

Infosys, wipro, sathyam, tcs has posted positve results compared to Sep 06. But all these stocks has broken 52 week low and now today its all strong. If anyone doing fundamental analysis please lookinto this and clarify why it is touching 52 week low

Thannks

Market_looser..............
 
#2
ya Even I trying to find out the exact reason and future prospects on this sector. I found that most of these IT companies are export oriented and USD$ dependent. So as Rs became strong it was expected they will be loosing some of profits

Secondly the attrition and challange to retain top resources by this IT companies is a challenge in future.

The markets reacted and most of these companies hit the bottom. Even i found the top IT and TEch funds din't gained this year.. You do a search this year you will find them at the bottom.

But for me it seems a buying opportunity and already got Magnum IT, DSP Technology & ICICI pru to my portfolio
However till my order was executed this guys started moving up.. so couldn't catch up the bottom

so take it as buying opportunity as technology can't be down for long time. long term i see good prospects.
 

Linus

Active Member
#3
Hi all,

Infosys, wipro, sathyam, tcs has posted positve results compared to Sep 06. But all these stocks has broken 52 week low and now today its all strong. If anyone doing fundamental analysis please lookinto this and clarify why it is touching 52 week low

Thannks

Market_looser..............

There is no rule like - 'if the companies post positive results, it should not touch 52 week lows' :D :D

ss
 

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