Infy strikes first on Thursday morning followed by TCS results after hours and then the limelight quickly shifts to banking as HDFCBANK reports on Friday itself, MindTree having skipped signal bars to run the results on Sunday and one feels HDFCBANK might run things late too as Credit will be stronger and also catch up on rural growth while NIMs might not keep up before increasing realisations on loans again inthe April - June quarter.. HDFC Bank is unlikely to be compared on Fee income growth with Indusind but may continue back on a handsome growth after an average Q4 while 30 growth in Profits and 20 growth in Sales is a given, again handsomely beating INR!0B expectations on NPAT and . Axis Bank will have reported by Wednesday

The street is as alawys positively expectant on Infosys after derating the stock but being the eternal optimist, my followers may be a little shocked to realise that I don' t think bad news in i/nfosys has been factored well enough. Bu tthis time around , weak global demand will be welcomed with less derision and more participants ready for a short play on the 'bellwether' as Dollar guidance of 8% groth may be struck down further because of the same reason they are postponing hiring - no clients, less additions. TCS is expected to gorw profits 35% over Q1 last year and Infosys itself will improve EBITDA by 100 pointes on the Rupee average rate moving out of bounds bu thtat is unlikely to keep Infy at 2488 and thus see an intra day correction in TCS tomorrow before it is ready for its own reults announcement. Ideally , be very sure of the sentiment before you move in these scrips.

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Posted via email from The India Investment Post