NEW DELHI: Snubbing bearish views of most foreign institutional investors (FIIs) on IT stocks amid recession-related worries in western economies, India’s largest domestic investor LIC is making a contra bet. The March quarter shareholding pattern shows that the state-owned insurer hiked stakes in seven of the biggest Indian tech majors – TCS, Infosys, Tech Mahindra, … Read more
“The expiry week is likely to be volatile and the Monday trend will give a clear confirmation of where the market is likely to move. The range is 17500-17800 and a break on either side will have a decisive move,” says Kunal Shah, Senior Technical & Derivative analyst at LKP Securities. In an interview with … Read more
“Looking at the Q3 numbers, it’s evident that there was sluggish demand from consumers. Thus, the upcoming quarter results will largely depend on consumer demand and the impact of seasonal rainfall and inflation. If volume picks up and consumer demand improves, we could see a re-rating” says Rahul Shah, Rahul Shah, VP-Equity Advisory at MOFSL. … Read more
“We think that now we are entering into earnings season with this business update and particularly the banking sector should do well, both PSU and private banks,” says Hemang Jani, Equity Strategist & Senior Group VP, MOFSL. Well, a slew of Q4 updates have come in from the banking and the NBFC sector. Let us … Read more
Mumbai: Investors looking to buy shares of technology companies such as TCS, Infosys and HCL Tech among others amid the recent weakness could consider accumulating them after three to six months. With the banking and financial sectors in the developed economies especially the US – a segment that contributes a sizeable chunk to the domestic … Read more
NEW DELHI: Nifty IT, which was the biggest wealth eroder in 2022 with a heavy loss of 26% is now gradually turning out to be the best performing sector. In the last one month, when the benchmark Nifty has been flat, the IT barometer has shot up over 10% to become the No. 1 performer. … Read more
Ahead of the Reserve ‘s monetary policy decision tomorrow and commentary from Federal Reserve Chair Jerome Powell tonight, Indian equity indices apparently struggled for direction before closing in the red for a second straight day on Tuesday, dragged by IT, auto and metal stocks. The BSE Sensex index ended 215 points or 0.36% lower at … Read more
SEBI published a report recently on how the options trading has grown multifolds in the last few years and retail participation has grown tremendously. According to the report, 89% traders ended up losing money in the last fiscal year. Most active retail traders stick to options buying because of lesser capital. Here are 5 common … Read more
was probably the only software company that gave a glimpse of the current state of environment in the key export markets as it trimmed down its earnings growth guidance for the current financial year twice in 2 months. Despite such a harsh move, the stock seems to have found a soft corner among foreign institutional … Read more
NEW DELHI: After surprised Street with a 5% quarter-on-quarter (QoQ) growth in constant currency terms, analysts see little downside in the IT stock given the recent correction and high dividend yield. Brokerages say the Q3 earnings were ahead of estimates led by higher-than-expected revenue growth in the software business. Strong revenue growth guidance of 16-16.5% … Read more