With Infosys’ record Rs 18,000 crore share buyback just a day away, Zerodha co-founder Nithin Kamath took to X (formerly Twitter) on Thursday to warn investors not to get blindsided by the tax implications. “Infy is one of the most highly held stocks by investors, and the record date for their massive buyback is November … Read more
Indian IT stocks could be down amid current headwinds, but they are the backbone of the domestic economy, generating millions of jobs, foreign exchange reserves while building a tech ecosystem, Gurmeet Chadha, Managing Partner & CIO at Complete Circle Consultants, said, slamming analysts who in his views are “abusing” top IT companies. He said that … Read more
The Indian market fell for the sixth straight session on Friday, with the Sensex and Nifty posting their steepest weekly drop in nearly seven months as U.S. curbs on H-1B visas and tariffs on branded drugs dampened sentiment. The S&P BSE Sensex dropped 733.22 points, or 0.90%, to close at 80,426.46, while the NSE Nifty … Read more
India’s second largest IT services company Infosys will consider a proposal for buyback of company’s equity shares at its meeting to be held on September 11, 2025. The company informed about the development today after market hours. Infosys shares ended at Rs 1,436.10 on the NSE, down by Rs 8.50 or 0.59%. The share buyback … Read more
Digant Haria, Co-founder, GreenEdge Wealth, says IT stocks face muted expectations due to AI risks and economic uncertainty, favoring technical trading over fundamental analysis. The defence sector, experiencing strong growth between 2020 and 2024, boasts of high order books and positive sentiment. While existing investors can benefit, new entrants might find better opportunities in related … Read more
Atul Bhole, Executive Vice President and Fund Manager at Kotak Mutual Fund, identifies IT stocks as a potential under-the-radar opportunity amid current market uncertainties. While the sector has underperformed year-to-date due to concerns over US economic conditions and AI disruption, Bhole sees compelling reasons to pay attention to this overlooked space. Edited excerpts from a … Read more
Despite Friday’s recovery attempt, technical charts are painting a cautious picture for Nifty in the coming week. Anand James, Chief Market Strategist at Geojit Investments Limited, believes the recent sell-off isn’t over yet and expects the index to test the 24,060 level before any meaningful recovery takes hold. However, it’s not all doom and gloom. … Read more
“Overall sense is that the news developments can turn positive because both auto and steel overall the tariff is still there, but when you look at the news flow, it is possible that US might give some leeway in terms of certain segments for autos talking about China,” says Pankaj Pandey, Head Research, ICICIdirect.com.Let me … Read more
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
Following a 12% year-on-year (YoY) decline in Infosys‘ March quarter consolidated net profit and lower-than-estimated revenue, brokerages have slashed their target prices while retaining a ‘Buy’ rating on the stock. Nuvama Institutional Equities and Emkay Global revised their targets downward amid topline miss and prevailing uncertainties. On Thursday, India’s second-largest IT services company by market … Read more