IT stocks fell on Thursday after Cognizant cuts its 2014 growth guidance. For fiscal 2014, Cognizant has lowered revenue growth guidance to at least 14%, from 16.5% earlier. It has recorded a 23.8% increase in profit for the quarter ended Jun. 30, 2014.
The company earned USD 371.91 million or USD 0.61 a share in the second-quarter compared with USD 300.41 million or USD 0.49 a share a year ago.
| Symbol | LTP | % Chng |
| MINDTREE | 1,002.05 | -0.15 |
| CMC | 1,929.90 | -0.43 |
| MPHASIS | 438 | -0.47 |
| TECHM | 2,193.75 | -0.5 |
| NIITTECH | 377 | -0.82 |
| HEXAWARE | 139.6 | -0.96 |
| KPIT | 157.1 | -1.07 |
| WIPRO | 545.1 | -1.14 |
| INFY | 3,519.00 | -1.59 |
| TCS | 2,465.25 | -1.65 |
| OFSS | 3,366.45 | -1.69 |
| HCLTECH | 1,516.45 | -2.02 |
| ECLERX | 1,244.70 | -2.87 |
