“Tech Mahindra, Infosys all are up 40% in last six to eight months. So, large part of all positive news has been discounted and the stocks are trading at a very-very decent valuation I would put in that way,” says Sandip Agarwal, Fund Manager, Sowilo Investment Managers. From these Q2 earnings from the likes of … Read more
Benchmark BSE Sensex jumped nearly 592 points while Nifty reclaimed the 25,000 level on Monday shares amid a firm trend in global markets. Stocks that were in focus include names like HDFC AMC, which gained 1.7%, HCL Tech, which jumped 1.2%, and Sterling and Wilson, whose shares rose 5% on Tuesday. Here’s what Viral Chheda, … Read more
In September, at least two PMS schemes significantly outperformed benchmarks, achieving double-digit returns of up to 12%. According to data from PMS Bazaar, Pace Financial’s Tresor SKG India Value Fund was the top performer, delivering a monthly return of 12%, followed by Molecule Ventures’ Quant Fund with a return of 10.28%. Other notable winners included … Read more
Shares of India’s third largest IT company HCL Technologies jumped 1.3% to its day’s high of Rs 1,880.65 on the BSE after reporting a 10.5% jump in its September quarter consolidated net profit to Rs 4,235 crore, up from Rs 3,832 reported by the company in the year-ago period. Following the quarterly results, various brokerage … Read more
After BSE has announced that it will discontinue Bankex weekly expiries, the market is rife with speculations that NSE may choose Nifty Bank over Nifty as both exchanges have to pick one expiry under new Sebi rules. Nifty Bank brings in higher volumes for the exchange, and better trading opportunities for speculators, but if Nifty … Read more
“We believe 51,400 to 51,000 should be the strong support for Bank Nifty and we should see a gradual recovery for Bank Nifty too. So, banking, metals, power space as a whole looks positive from the current levels,” says Dharmesh Shah, ICICI Direct.Any sector-specific moves that you are seeing? Any sectors that you are liking … Read more
As many as 115 companies have fixed their record dates this week to determine the eligible shareholders for the payout of their dividends. Out of the lot, two are Nifty companies, i.e., HCL Tech and Shriram Finance, along with other names like PFC, MRF, and RBL Bank. Dividends are paid to shareholders whose names appear … Read more
Domestic markets experienced one of the best weeks in 2024 with Nifty and Sensex extending closing at record highs last week. In today’s trade, shares of HCL Tech, DMart, Jio Financial, HDFC Life, Kotak Bank among others will be in focus due to news developments and first quarter results. HDFC Life, Jio Financial, HDFC AMC, … Read more
Synopsis HCL Tech’s Q1 FY25 results were mixed, with better-than-expected net profit due to higher other income offsetting disappointing revenue growth. Operating margins were under pressure as anticipated, and the company secured fewer new deals compared to the previous quarter, a trend also seen in its larger competitor, TCS. ET Intelligence Group: The June 2024 … Read more
Technical charts suggest the short-term trend of Nifty is likely to be range-bound with a weak bias. A move below the immediate support of 23,250 could indicate the beginning of a shortterm downward correction, according to technical analysts. For short-term trading, analysts recommend stocks such as SBI, IDFC First Bank, Granules, Infosys, HCL Tech, M&M … Read more