Sensex up 2.5x from Covid lows as these 25 constituents turn multibaggers!

Sensex up 2.5x from Covid lows as these 25 constituents turn multibaggers!

From the COVID lows, the benchmark Sensex is up nearly three times, scaling past the 65,000-mark, and in this journey, 25 of its constituents have turned multibaggers. From March 2020, when COVID-19 pandemic brought the Indian economy to a standstill, the Sensex has risen a whopping 150%. On Monday, the index scaled a lifetime high … Read more

TCS, HCL Tech to kick-off Q1 earnings season on July 12; Infosys results on July 20

TCS, HCL Tech to kick-off Q1 earnings season on July 12; Infosys results on July 20

Information technology (IT) bellwether companies will kick-off the earnings season for the first quarter ending June 2023. India’s largest software exporter TCS will be the first out of the block, reporting its earnings on July 12. Brokerage Jefferies expects that there could also be a buyback announcement from the Mumbai-based company. However, the company has … Read more

Survival of the fittest! In crises, IT index trumps Nifty50. Here’s how to trade top sectoral stocks

Survival of the fittest! In crises, IT index trumps Nifty50. Here’s how to trade top sectoral stocks

Indian IT companies are facing the heat amid an uncertain economic environment accentuated by weak global macros. As fears of economic slowdown have grown leading to delay or cancellation of projects, IT companies are finding it difficult to grow and worse even predict their near term growth trajectory. But this is not the first instance … Read more

2 top stock recommendations from Shilpa Rout

2 top stock recommendations from Shilpa Rout

“Yes, this is just a routine correction which is healthy also if we are supposed to make new highs, so this sort of routine correction is also expected and should happen,” says Shilpa Rout, Prabhudas Lilladher. What do you make of the weakness, is it just a one-day move or maybe we are going to … Read more

Q4 earnings, US GDP data & FII flows among 6 key drivers for Dalal Street this week

Q4 earnings, US GDP data & FII flows among 6 key drivers for Dalal Street this week

Amid weak global cues and cautious March quarters earnings, Indian equity indices remained in the red last week. However, on Friday, Reliance Industries and ICICI Bank results matched the expectation of the analysts. The BSE Sensex index ended 847 points or 1.40% lower at 59,538, while Nifty50 fell 204 points or 1.14% at 18,828 last … Read more

JP Morgan flags more earnings downgrades, de-rating for IT

JP Morgan flags more earnings downgrades, de-rating for IT

Mumbai: US brokerage firm JP Morgan maintained its underweight stance on the Indian IT sector and said the technology services companies remain at continuous risk of earnings de-rating and downgrades. Revenue growth trends have normalised to single digits as witnessed prior to the outbreak of the Covid-19 pandemic, it said. “TCS and Infosys‘ very disappointing … Read more

Brokerages cut TCS earnings, price targets

Brokerages cut TCS earnings, price targets

Mumbai: Several domestic and foreign brokerage firms slashed their earnings estimates and price targets on Tata Consultancy Services (TCS) after India’s largest IT services company delivered a weaker-than-expected fourth-quarter earnings and gave a cautious commentary on trends in the immediate future. For instance, JPMorgan maintained its underweight rating and slashed its revenue estimate by 1% … Read more

Looking to buy top IT stocks? Wait for a quarter to get bargains

Looking to buy top IT stocks? Wait for a quarter to get bargains

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

IT Stocks | Bank Stocks: IT stocks vs bank stocks: FII buy-sell data after bank crisis springs up a surprise

IT Stocks | Bank Stocks: IT stocks vs bank stocks: FII buy-sell data after bank crisis springs up a surprise

NEW DELHI: The world over investors have been dumping bank stocks in the wake of the banking turmoil in the US and Europe but foreign institutional investors (FIIs) are singing a different tune when it comes to India. Market data shows that FIIs ended up buying financial stocks worth about Rs 2,800 crore in the … Read more