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
Software major Infosys will announce its earnings for the quarter ending December on January 12, 2023. The board of directors will meet on January 11 and 12 to discuss the same, the company said in an exchange filing. The earnings come at a time when the industry is seeing massive layoffs that have surpassed the … Read more
The Indian markets pared intraday gains on Friday and closed over 1 per cent higher. The S&P BSE Sensex rose nearly 700 points, while the Nifty50 closed just below 17,200. Sectorally, buying was seen in IT, banks, capital goods, and consumer durables, while selling was visible in power, utilities, oil & gas, and energy space. … Read more
“For , as of now there is zero trend as such till the time it shows any price action, which can confirm a trend change. It is still an ‘avoid’,” says Rahul Shah, VP-Equity Advisory, . Edited excerpts: Let us talk about the IT sector. No doubt, last week, the sector was majorly in focus … Read more
Nifty futures on the Singapore Exchange traded 58.5 points, or 0.34 per cent lower at 17,046.5, signaling that Dalal Street was headed for a negative start on Thursday. Here are a dozen stocks which may buzz the most in today’s trade: Infosys, MindTree, Angel One: Infosys, MindTree, Angel One, Cyient, , , , Alstone Textiles … Read more
Brokerage firm Morgan Stanley maintained an overweight rating on , Citigroup retained a buy call on Delhivery and Jefferies says it prefers over . We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on : Overweight| Target Rs 3085 Morgan Stanley maintained an overweight rating on … Read more
The Indian markets closed in red for the second consecutive day on Thursday, tracking weak global cues. The S&P BSE Sensex fell over 300 points, while the Nifty50 managed to hold on to 17,600 levels. Sectorally, buying was seen in FMCG, consumer durables, auto and utilities, while selling pressure was seen in banks, the public … Read more
Global brokerage firm Goldman Sachs downgraded , and to sell while upgrading to buy. CLSA, meanwhile, maintained a buy rating on . We have collated a list of recommendations from top brokerage firms from ET Now and other sources. Take a look: Goldman Sachs on Infosys: Downgrade to sell| Target Rs 1244Goldman Sachs downgraded Infosys … Read more
After the June 2022 quarter earnings of IT major , global brokerage remains mixed on the second largest software exporter of the country. On Sunday, Infosys reported a 3.17 per cent rise in net profit to Rs 5,360 crore in the June quarter compared with Rs 5,195 crore in the same quarter last year. It … Read more
in an analyst meet reiterated its FY23 guidance of 13-15 per cent and said demand for IT services is strong and that there is no visible impact of macro headwinds. It talked about five areas of focus namely scaling of cloud business, continued intensity in digital, investments in next generation opportunities, advanced automation and employee … Read more