Nifty Bank, which hit a fresh lifetime high above 49,000 last week, has given an average return of 5% during the March quarter earnings season 7 out of 10 times in the last 10 years, says Anand James, Chief Market Strategist, Geojit Financial Services. Edited excerpts from a chat with James on the market outlook … Read more
Betting that IT stocks could be traversing an inflection point as the growth momentum may bottom out over the next few months and a return to growth over CY24 on the back of easing of several headwinds and new drivers taking over, both FIIs and mutual funds increased their shareholding in most largecaps.MF holding in … Read more
Cipla. Share Price 1409.00 04:03 PM | 23 Jan 2024 92.75(7.05%) Sun Pharmaceutical Industries. Share Price 1378.30 04:03 PM | 23 Jan 2024 52.15(3.94%) Bharti Airtel. Share Price 1158.00 04:03 PM | 23 Jan 2024 34.25(3.05%) ICICI Bank. Share Price 1029.05 04:03 PM | 23 Jan 2024 20.35(2.02%) Hero MotoCorp. Share Price 4444.20 04:03 PM … Read more
Over the years, there has been some change in how the street looks at IT stocks, but somehow, still there is a perception that large cap companies like TCS, Infy and Wipro, are the ones which give all the indication of what is happening in the IT space. The fact is that over the last … Read more
Hemang Jani, Independent Market Expert, says “our overall sense is that though we might see a little bit of sideways movement or a bit of a profit booking, the broad structure of the market remains good. We will have to do a little bit more hard work in terms of what are the pockets of … 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
Hindalco Industries. Share Price 492.65 03:59 PM | 29 Sep 2023 25.80(5.52%) NTPC. Share Price 245.55 03:59 PM | 29 Sep 2023 8.50(3.58%) Hero MotoCorp. Share Price 3057.25 03:59 PM | 29 Sep 2023 87.25(2.93%) Dr. Reddy’s Laboratories. Share Price 5587.00 03:55 PM | 29 Sep 2023 157.90(2.90%) Divi’s Laboratories. Share Price 3765.15 03:57 PM … Read more
India’s primary strength in the global tech landscape has been its IT services sector. The Indian IT sector faced turbulence with IT companies underperforming in Q4FY23 due to factors such as delayed spending, fears of a global economic slowdown, and revised revenue guidance. But now there are indications of a recovery. The Nifty IT index, … Read more
The market is likely to keep traders on their toes this week with Nifty expected to swing in 19,300-19,700 range. Breakouts from this zone can take the index to 20,000-20,200 on the upside or 19,000-18,800 on the downside, according to technical analysts. ACC, Sun Pharma, TCS, Tech Mahindra, HCL Technologies, Atul, Jubilant Food, IDBI Bank … Read more
Dalal Street investors weren’t expecting any fireworks in IT companies’ first quarter earnings, but the disappointments were worse than anticipated, as growth hit multi-quarter lows. Frontline IT companies have seen their constant currency revenue growth slow down in the last six quarters, and a majority of them reported just single-digit growth in the June quarter. … Read more