“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
New Delhi: Eight of the top-ten most valued companies together added a whopping Rs 2,50,005.88 crore in market valuation last week amid a rally in the equity market, with Reliance Industries and Tata Consultancy Services emerging as the lead gainers. Last week, the BSE benchmark Sensex jumped 1,490.83 points or 2.55 per cent. Among the … Read more
NEW DELHI: Indian mutual fund industry is a crowded space with as many as 44 players in the fray and many more planning to enter. This is understandable given there is a huge growth opportunity in the industry. But in every industry, there comes a time when consolidation starts. Sometimes smaller players are absorbed by … Read more
MUMBAI: Tata Consultancy Services’ underwhelming earnings on Friday had shook the faith of several investors in the IT growth story, however, ’ numbers today should assuage those concerns going ahead. The Bengaluru-based company reported better-than-expected revenues and net profit for the quarter ended September as its juggernaut rolls on. The company’s consolidated net profit rose … Read more