LTIMindtree unlikely to make entry into Nifty50 in March: Nuvama Wealth

LTIMindtree unlikely to make entry into Nifty50 in March: Nuvama Wealth

LTIMindtree, the merged entity that houses conglomerate Larsen & Toubro’s information technology business, is unlikely to be part of the benchmark Nifty50 during the upcoming March index review, Nuvama Wealth reiterated. The completion of the merger of Larsen & Toubro Infotech and Mindtree in November sparked speculation of the new entity, India’s fifth largest IT … Read more

IT sector: Is it out of the doldrums?

IT sector: Is it out of the doldrums?

It was feared that the economic slowdown in Europe and the US would affect the IT sector, but that has not happened. Contrarily, the majority of businesses have reported strong growth, even in Europe. While the situation is volatile, companies are confident of navigating the same successfully. Source link

Why LTI-Mindtree merger doesn’t make it the hottest couple on D-Street yet

Why LTI-Mindtree merger doesn’t make it the hottest couple on D-Street yet

NEW DELHI: Shares of both IT companies L&T Infotech (LTI) and were trading flat on Tuesday, a day after the merger came into effect. Despite the joint entity of LTIMindtree becoming the fifth-largest IT company in India based on market capitalisation, there are little hope of its inclusion in the Nifty50 index in the March … Read more

Limited upside potential in Mindtree after Q2 results, says Motilal Oswal

Limited upside potential in Mindtree after Q2 results, says Motilal Oswal

Stating that all key positives in Mindtree have been factored in, brokerage firm Motilal Oswal sees limited upside potential in the IT stock. Motilal Oswal maintained its ‘neutral’ rating on due to its fair valuations (based on 22x FY24E P/E), softness in retail and constraints on management bandwidth because of its impending merger with L&T … Read more

SGX Nifty down 50 points; here’s what changed for market while you were sleeping

SGX Nifty down 50 points; here’s what changed for market while you were sleeping

Domestic equity markets are set for a negative opening on Thursday tracking the mixed global cues. US stocks settled marginally lower on Wednesday, whereas Asian peers kicked off trade in red. Inflation worries persist after the US Fed’s hawkish commentary. Back home, IT majors will be in action following the Q2 earnings. Here’s breaking down … Read more

ETMarkets Smart Talk: Titan could scale new high & cross Rs 3,000 mark: Jatin Gohil

ETMarkets Smart Talk: Titan could scale new high & cross Rs 3,000 mark: Jatin Gohil

Following its impressive show in Q2 business update, shares ended 5.2% higher on Friday and closed a tad below its lifetime closing high. “We believe the stock will surpass its lifetime high of Rs 2,768 and explore uncharted territory, which could take it towards Rs 3,000,” says Jatin Gohil, Technical and Derivative Research Analyst at … Read more

IT spend in US likely to remain resilient, large-caps like TCS, Infy & HCL safer bets

IT spend in US likely to remain resilient, large-caps like TCS, Infy & HCL safer bets

Mumbai: Analysts expect IT spending in the US to remain mostly resilient in the near term, but advise that investors need not be in a hurry to lap up shares of Indian technology companies despite the recent decline in prices. Though Indian IT companies have reported strong revenue growth in the June quarter, with most … Read more

Two stock ideas for next week by Nooresh Merani

Two stock ideas for next week by Nooresh Merani

Overall, structurally the trend remains positive but there is still a lot of catch up left in small caps, said Nooresh Merani, independent technical analyst. Edited excerpts: What has been your assessment of how the market has shaped up?Overall it was a week where we saw a bit of consolidation and now we are forming … Read more

Stocks to buy today: 9 short-term trading ideas by experts for 5 August

Stocks to buy today: 9 short-term trading ideas by experts for 5 August

Indian market started on a strong note on Friday tracking positive global cues. The S&P BSE Sensex rallied more than 200 points while the Nifty50 rose above 17400 levels in the first 15-minutes of trade. Sectorally, buying was seen in telecom, IT, banks, capital goods, and FMCG while some selling was seen in oil & … Read more

How to analyse a business: A case study of Intellect Design Arena

How to analyse a business: A case study of Intellect Design Arena

In the last five years, Intellect Design Arena has come a long way — from uncertainty as to whether there will be wide acceptability of its products to entering the territory of viability and profitability. How did it manage it and what are the challenges that may impact its valuations?I came to know about Intellect … Read more