Q4 results today: HUL, Axis Bank, Tech Mahindra among 38 companies to announce earnings on Thursday

Q4 results today: HUL, Axis Bank, Tech Mahindra among 38 companies to announce earnings on Thursday

The fourth quarter earnings season is picking up momentum and on Thursday as many as 38 companies will announce their quarterly numbers. Key earnings to watch out include from HUL, Axis Bank, Nestle, SBI Life, Tech Mahindra, Persistent, Mphasis and LTTS. Tech Mahindra Q4 expectations For Tech Mahindra, fourth quarter profit growth will be strong … Read more

IT stocks rise as bears cover shorts, with a new outlook

IT stocks rise as bears cover shorts, with a new outlook

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

IT stocks slide up to 6% as Wipro forecasts revenue decline, sparks sector-wide selloff

IT stocks slide up to 6% as Wipro forecasts revenue decline, sparks sector-wide selloff

Information technology stocks tumbled up to 6% on Thursday, dragged lower by Wipro’s disappointing earnings and downbeat revenue outlook for the April-to-June quarter, triggering a broad selloff across the sector. Shares of Wipro plunged 5.7% after the company missed fourth-quarter revenue estimates and warned of a 1.5% to 3.5% decline in revenue for the current … Read more

Midcaps hammered in February, plunge up to 30%. IREDA, Delhivery among biggest losers

Midcaps hammered in February, plunge up to 30%. IREDA, Delhivery among biggest losers

Midcap stocks got hammered through February falling by as much as 30% as investors scurried to book profits or cut losses. The low-key sentiments on D-Street were on account of both the global and local factors. While Donald Trump’s threats on reciprocal tariffs and fears of US economic slowdown weighed on the markets, nearly a … Read more

42 smallcap stocks offer double-digit returns in wobbly market week

42 smallcap stocks offer double-digit returns in wobbly market week

Sustained selling pressure from foreign investors, muted second quarter earnings expectations, and elevated valuations acted as headwinds for the market during the week as benchmark indices ended in the red. But, even in a muted market, 42 smallcap stocks have delivered double-digit weekly returns with five of them offering over 25% returns. Nalwa Sons Investment … Read more

IT sector Q2 preview: Single-digit revenue growth seen, FY25 guidance may improve

IT sector Q2 preview: Single-digit revenue growth seen, FY25 guidance may improve

Indian IT companies are expected to report a single-digit revenue growth up to 4% in the quarter that ended on September 30, 2024 with the likelihood of positive commentary for the rest of FY25, according to estimates by three brokerages. The earnings season begins on Thursday, October 10 with the announcement of results by Tata … Read more

Tea stocks rally up to 16% as tea prices likely to soar further

Tea stocks rally up to 16% as tea prices likely to soar further

Tea stocks, including Jay Shree Tea, Warren Tea, Rossell India, and McLeod Russel India, jumped between 6%-16%, with Rossell India scaling to its new 52-week high of Rs 663 on BSE today due to soaring tea prices driven by heatwave and floods reducing output. Tea prices have been affected by the heat and rain concerns … Read more

Mphasis to trade ex-dividend tomorrow; last chance to be eligible for Rs 55 dividend

Mphasis to trade ex-dividend tomorrow; last chance to be eligible for Rs 55 dividend

Indian IT services and consulting firm Mphasis will likely remain in focus today as the company, while declaring its Q4FY24 results, had declared a dividend of Rs 55 for its eligible shareholders. The company had fixed July 10 as the record date for this purpose, meaning that today is the last date to buy the … Read more

Promoters on a selling spree amid red hot D-Street valuations

Promoters on a selling spree amid red hot D-Street valuations

Mumbai: Promoters of more than 200 companies have cumulatively sold stock worth more than ₹33,000 crore in the past two months, suggesting that valuations have become attractive enough for owners to book returns on part of the equity they hold. As the question of stretched valuations continues to swirl through Dalal Street, promoters seem to … Read more

Mphasis management on company performance, growth outlook and more

Mphasis management on company performance, growth outlook and more

“A lot of this is driven through everything we talked about in the last few quarters, the focus on in-account actions, extreme amount of focus on investing in relevant tech solutions, infusing a lot of tech and AI into these solutions to actually create a differentiation,” says Nitin Rakesh, CEO, Mphasis.Meanwhile, Manish Dugar, CFO, Mphasis … Read more