IT stocks rally up to 4% as an early indicator of Q1 earnings just gave green signals

IT stocks rally up to 4% as an early indicator of Q1 earnings just gave green signals

Shares of India’s software services exporters on Friday rallied up to 4% during the day as quarterly results of global peer Accenture had a few positive elements such as strong bookings growth and acceleration in growth rates. Shares of Persistent Systems was the top gainer as it rallied over 4% to day’s high of Rs … Read more

Our aspiration is to make Persistent a $2 billion plus company in next three years: CEO

Our aspiration is to make Persistent a  billion plus company in next three years: CEO

Sandeep Kalra, CEO, Persistent Systems, says “as we go ahead, as the market conditions stabilise, that will give us the opportunity to have the leverage of all the investments we have done whether they are in the next generation technologies like generative AI or increased sales and marketing investments, etc, and that should help us … Read more

Q4 results this week: RIL, ICICI Bank, HCL Tech, among 166 companies that’ll announce earnings

Q4 results this week: RIL, ICICI Bank, HCL Tech, among 166 companies that’ll announce earnings

With Wipro and Infosys’ results out this week, the fourth quarter earnings season will now pick up pace as the upcoming week will witness the results for Axis Bank, ICICI Prudential Life Insurance, Mahindra & Mahindra Financial Services, Tata Elxsi, along with 167 other companies. Other big players across sectors, like HUL, Indian Hotels, OFSS, … Read more

Hot Stocks: Brokerages view on RIL, ONGC, BPCL, Godrej Consumer and Infosys

Hot Stocks: Brokerages view on RIL, ONGC, BPCL, Godrej Consumer and Infosys

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

From boys to men: What’s behind ‘eye-popping’ returns by midcap IT stocks?

From boys to men: What’s behind ‘eye-popping’ returns by midcap IT stocks?

The midcap IT stocks‘ outperformance over their largecap peers and all other indices rests on their radical transformation from boys to men, argues Nuvama in a report. The brokerage picks LTIMindtree, Coforge and Persistent Systems as its top picks from the pack while initiating coverage on Mphasis with a ‘Reduce’ tag. Even as the Nifty … Read more

MSCI Rejig: IndusInd Bank, Paytm & 7 other stocks to trade in India Standard index from Thursday

MSCI Rejig: IndusInd Bank, Paytm & 7 other stocks to trade in India Standard index from Thursday

Nine new stocks will be part of the MSCI India Index as the rejig comes into effect from Thursday. These stocks are IndusInd Bank, Suzlon Energy, Persistent Systems, APL Apollo, Polycab, Macrotech Developers, Tata Motors A, One 97 Communications (Paytm), Tata Communications. Moreover, seven stocks viz. Zomato, Hindustan Aeronautics (HAL), Jio Financial Services, Vedanta, PFC, … Read more

S&P BSE Sensex 50 rejig: LTIMindtree, BEL to enter; UPL, Dabur set to exit index on December 18

S&P BSE Sensex 50 rejig: LTIMindtree, BEL to enter; UPL, Dabur set to exit index on December 18

LTIMindtree and Bharat Electronics (BEL) will replace UPL and Dabur India from S&P BSE Sensex 50 index with effect from December 18 as part of the reconstitution of the 30-stock index, a BSE release said on Monday. Shares of LTIMindtree jumped over 2% to the day’s high of Rs 5638 on the BSE while BEL … Read more

Stocks to buy today: 6 short-term trading ideas by experts for 31 October

Stocks to buy today: 6 short-term trading ideas by experts for 31 October

Indian benchmark indices opened with gains on Tuesday maintaining their two-session gaining spree led by gains in bank, auto and IT stocks. The S&P BSE was trading at 64,252.97, up by 140.32 points or 0.22% while the broader Nifty50 stood at 19,179.60, gaining 38.70 points or 0.20%. Meanwhile, banking gauge Nifty Bank traded at 43,188.85, … Read more

Hot Stocks: Brokerages view on Persistent Systems, Ujjivan SFB, HDFC Bank and Craftsman Automation

Hot Stocks: Brokerages view on Persistent Systems, Ujjivan SFB, HDFC Bank and Craftsman Automation

Brokerage firm Investec maintained a buy rating on Ujjivan SFB. Goldman Sachs recommends a buy rating on HDFC Bank while Citigroup maintains a sell rating on Persistent Systems and ICICI Securities initiated a coverage on Craftsman Automation with a target of Rs 5557. We have collated a list of recommendations from top brokerage firms from … Read more

Chart Check: Persistent Systems retests breakout area of 74-week inverse Head & Shoulder pattern; should you buy?

Chart Check: Persistent Systems retests breakout area of 74-week inverse Head & Shoulder pattern; should you buy?

Persistent Systems Ltd, part of the software and consulting industry, is undergoing consolidation around the breakout area of the 74-week inverse Head and shoulder pattern on the weekly charts. Short-term traders can look to buy the stock for a target above Rs 5600 in the next 2-3 months, suggest experts. The stock gave a breakout … Read more