The second quarter results
of Information Technology firms are eagerly awaited by the market.
Nervous owners of IT stocks can take some comfort from the numbers
shown in the table below.
The immediate impact of the
US attacks on the IT sector is that the sales cycle would lengthen
which could result in a marginal downward revision of growth
figures for many companies for the year 2002-03.
Britain'ss leading stocks
fell 2 per cent on Monday morning, led lower by weak transport
and banking stocks after US-led military strikes against Taliban
targets in Afghanistan on Sunday unsettled investors.
In an effort to restructure
its portfolio and take advantage of the existing market conditions,
Cholamandalam AMC Ltd is set to launch three new schemes by
the year end.
