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IT stocks fall after Accenture lowers revenue forecast

NEW DELHI: IT stocks ended lower on Friday after tech giant Accenture lowered its revenue forecast for the sector for the 2023-24 fiscal.

Shares of LTIMindtree fell by 3.01 per cent, Infosys declined by 2.98 per cent, Wipro skidded by 2.73 per cent, and HCL Technologies dropped 2.46 per cent on the BSE.

Tata Consultancy Services dipped 1.53 per cent, L&T Technology Services went lower by 1.40 per cent, and Tech Mahindra lost 1.33 per cent.

Source :- https://www.ptinews.com/story/business/IT-stocks-fall-after-Accenture-lowers-revenue-forecast/1376795

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