As such, the rally in Cognizant shares is nothing that Indian IT stocks can take comfort in. In both years, the company’s growth guidance is similar at 8-10%. Cognizant’s shares, meanwhile, jumped as much as 6% in early trading on the Nasdaq, thanks to its bullish guidance on margins. Apart from reporting higher margins, Cognizant has also raised dividend payouts, resulting in greater return to its shareholders. As such, the rally in Cognizant shares is nothing that Indian IT stocks can take comfort in.

Source: Mint February 08, 2018 02:15 UTC