Mumbai: Information technology (IT) stocks were the biggest gainers in Wednesday’s trading, after HCL Technologies‘ stronger-than-expected earnings outlook prompted traders to cover some of their bearish bets that were initiated after earnings announcements of its larger peers –TCS and Infosys. The Nifty IT index shot up 4.3% – posting its biggest single-day gain in 10 … Read more
The fourth quarter earnings season is picking up momentum and on Tuesday as many as 16 companies will announce their quarterly numbers. Key earnings to watch out include from Waaree Energies, Tata Communications and HCL Tech. Apart from the above, Cyient DLM, Havells India, Delta Corp, JMU Fintech, Mahindra Financial, Hathway Cable and Datacom, Choice … Read more
Information technology stocks tumbled up to 6% on Thursday, dragged lower by Wipro’s disappointing earnings and downbeat revenue outlook for the April-to-June quarter, triggering a broad selloff across the sector. Shares of Wipro plunged 5.7% after the company missed fourth-quarter revenue estimates and warned of a 1.5% to 3.5% decline in revenue for the current … Read more
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