Infosys delivered better than expected revenue and net profit growth for the December 2024 quarter while meeting the margin expansion anticipated by analysts on average. The company’s upward revision in the FY25 revenue guidance was also higher than expected owing to a faster recovery in discretionary spends across banking, financial services and insurance (BFSI), and … Read more
HCL Technologies, India’s third largest IT services company by way of market capitalisation is expected to report an year-on-year revenue growth between 4.3% and 6.8% in the quarter ended December 31, 2024. The top line is expected to be in the range of Rs 30,091 crore to Rs 30,393 crore in Q3FY25 supported by growth … 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
While Nifty ended with a week-on-week decline of 0.20%, it was laden with top action where over three dozen companies from large, mid and smallcap segments witnessed prominent block deals worth Rs 16,445 crore on screen which included both buying and selling action. In the large cap segment, 15 companies witnessed significant block deals on … Read more
Indian IT companies are expected to report a single-digit revenue growth up to 4% in the quarter that ended on September 30, 2024 with the likelihood of positive commentary for the rest of FY25, according to estimates by three brokerages. The earnings season begins on Thursday, October 10 with the announcement of results by Tata … Read more
The technology sector is poised for a robust recovery following a period of discretionary spending cuts. Several factors indicate an upward trend in the coming years, including shifts in client behaviour, increased technology investments, and the rise of new technologies such as Generative AI (GenAI). Key verticals like BFSI, healthcare, and manufacturing are expected to … Read more
Indian Railway Finance Corporation Share Price 180.85 04:13 PM | 27 Aug 2024 -0.21(-0.12%) One97 Communications Share Price 545.15 04:13 PM | 27 Aug 2024 14.75(2.79%) YES Bank Share Price 24.02 04:13 PM | 27 Aug 2024 -0.06(-0.25%) ITC Share Price 500.6 04:13 PM | 27 Aug 2024 -5.1(-1.01%) HDFC Bank Share Price 1637.75 04:13 … Read more
Indian Railway Finance Corporation Share Price 181.05 03:59 PM | 26 Aug 2024 -2.36(-1.29%) One97 Communications Share Price 530.4 03:59 PM | 26 Aug 2024 -24.46(-4.41%) YES Bank Share Price 24.08 03:59 PM | 26 Aug 2024 -0.32(-1.28%) ITC Share Price 505.7 03:59 PM | 26 Aug 2024 -0.11(-0.02%) HDFC Bank Share Price 1639.95 03:59 … Read more
Shares of HCL Technologies on Monday rose 4% to the day’s high of Rs 1,627 on BSE after the company posted 20% year-on-year (YoY) growth in its consolidated net profit to Rs 4,257 crore for the quarter ended June 2024. The profit for the same period last year stood at Rs 3,534 crore. The revenue … Read more
Foreign institutional investors (FIIs) continued their selling spree on Thursday, offloading Indian equities worth Rs 6,867.72 crore even as domestic buyers remained net buyers at Rs 3,718.38 crore. Notwithstanding the sell-off by foreign investors, Indian headline indices on Thursday ended in the green for the second day in a row aided by strong gains in … Read more