Wednesday 8 October 2008

IT stocks at fresh 52 week lows

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

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