Mumbai: Analysts expect IT spending in the US to remain mostly resilient in the near term, but advise that investors need not be in a hurry to lap up shares of Indian technology companies despite the recent decline in prices. Though Indian IT companies have reported strong revenue growth in the June quarter, with most … Read more
New Delhi: Brokerages retained their positive outlook on stock even as they slashed earnings estimates for the tech giant following its mixed bag show for the June 2022 quarter. Major international brokerages have cut their EPS estimates for the IT major thanks to the pressure on the margin front. However, their estimates suggest an up … Read more
A host of brokerages have come out with reports, offering insights into how various sectors performed in the June quarter and what investors should expect going into the results season. While a few sectors are yet to be previewed by analysts, those previewed are discussed below: IT sector Kotak Institutional Equities expect divergent performance across … Read more
Although known to be a resilient sector to invest in times of global macro uncertainty, IT stocks may continue to witness pressure this time. Neelkanth Mishra, India Equity Strategist, Credit Suisse, says he has gone underweight on IT services sector because he sees a never-seen-before challenge of revenues coming under pressure. “The challenge is that … Read more
After , Parag Parikh Flexi Cap Fund (PPFAS) has picked up another anti-ESG bet — . According to its latest disclosure dated May 31, the mutual fund scheme owned 19 lakh shares of Coal India. The popular mutual fund scheme, which has assets under management (AUM) worth over Rs 22,000 crore, is run by veteran … Read more
MUMBAI: HCL Technologies today reported mixed bag earnings for the quarter ended September. While the company was able to beat Street’s estimate on the bottom line, its topline growth failed to impress. The Noida-based IT services major reported a 1.7 per cent sequential growth in consolidated net profit to Rs. 3,259 crore and a 2.9 … Read more
Instead of analysing valuations at a broader index level, it would make a lot of sense to look at individual companies and form your view based on the strength of their business models, says Rupesh Patel, Senior Fund Manager. How are you analysing the valuation of the broader markets?When we look at the market from … Read more