Four-month-old Ekagrah Rohan Murty has become a millionaire even before learning how to walk on two legs as his grandfather and billionaire NR Narayana Murthy has gifted him 15 lakh Infosys shares worth over Rs 240 crore. Regulatory filings show that 77-year-old Murthy gifted 15 lakh shares or 0.04% stake to his grandson in an … Read more
Brokerage firm InCred upgraded Infosys to an ADD post Q3 results, Morgan Stanley also upgraded TCS to overweight post Q3 results, Axis Capital maintained an ADD rating on Polycab and Jefferies has a buy rating on Macrotech Developers. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: InCred … Read more
Brokerage firm CLSA maintained a buy rating on RIL, Goldman Sachs downgraded ONGC, BPCL, and IOC. Jefferies has a buy rating on Godrej Consumer and Nuvama upgraded Infosys to buy ahead of Q3 results. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on RIL: Buy| Target … Read more
NEW DELHI: The September quarter earnings of IT services majors Tata Consultancy Services (TCS), Infosys, and HCL Tech have left analysts upbeat on margins, and deal wins but discretionary demand played spoilsport. TCS reported an EBIT margin of 24.3%, Infosys 21.2%, and HCL Tech 18.5%. Domestic brokerage firm Kotak Institutional Equities said the figures were … Read more
NEW DELHI: As leaders of the world’s largest economies gather in New Delhi this week for the G20 Summit, a global consensus is emerging among investors recognising the potential of India’s economic and industrial prowess, making several sectors attractive to global investors. We reached out to money managers to filter out P20 (20 portfolio) stocks … Read more
The Indian market snapped a 6-day winning streak and closed lower on Friday as traders preferred to book profits at higher levels. The S&P BSE Sensex fell more than 800 points, while the Nifty50 closed below the 19,800 mark on Friday. Sectorally, some buying was seen in capital goods and infra stocks while selloff was … Read more
Even as some of India’s largest IT stocks are trading up to 25% below their 52-week peak levels, bargain hunters obsessed with PE valuation multiples aren’t finding enough reasons to start buying the diamonds lying in dust. The reason why most institutional investors are staying away from IT stocks is not just because of the … Read more
Recession fears have driven analysts to their most bearish on Indian information-technology sector bellwether Infosys Ltd. since uncertainties surrounding Brexit rocked the more than $200 billion sector six years ago. Around one-in-five analysts covering the company rate it a sell, the highest proportion since September 2017, data compiled by Bloomberg show. The stock is down … Read more
New Delhi: Ltd on Tuesday became the fourth Indian company to touch a market valuation of $100 billion. The IT services major has joined the league of , Reliance Industries and HDFC Bank for crossing the $100 billion-mark in terms of market capitalisation (m-cap). The milestone was achieved during the morning trade when the scrip … Read more
NEW DELHI: Shares of were trading marginally higher in Wednesday’s trade ahead of its June quarter results later in the day. The second-largest IT major is expected to report a 24-30 per cent year-on-year rise in profit on a 17-18 per cent growth in revenues. The IT firm is seen upping its FY22 revenue growth … Read more