The Indian equity markets opened on a week note on Monday. However, the benchmark equity indices made a quick recovery to trade higher. Expert: Securities, told ETmarkets.com | Buy | Target Price: Rs 2,610 | Stop Loss: Rs 2,510 | A long position can be initiated in the range of Rs 2,520- 2,535 for the … Read more
Boosted by quarterly numbers of software exporters, IT stocks led the rebound on Dalal Street on Friday. Among all major sectoral indices Nifty IT was the top gainer. Shares of information technology companies, Infosys, , L&T Infotech, and rose as much as 5% in Friday’s trade. was among the top gainers as the stock rallied … Read more
Technical analysts expect the Nifty to face resistance around 17,550 and the index may see a correction towards 17,150 if it fails to sustain above 17,490 levels. However, they said upward momentum would continue in pharma, IT, and FMCG stocks. ASHISH CHATURMOHTA HEAD OF RESEARCH-ADVISORY, SERVICES Where is Nifty headed? Nifty has seen a rally … Read more
Five top performing midcap funds have delivered up to 21 per cent returns in the last one year in comparison with a 3 per cent drop in the BSE Midcap index. These mutual fund schemes have their top holdings from different sectors, yet they managed to perform well, suggesting bottom-up investing working for the schemes. … Read more
Pune: Persistent Systems will acquire Capiot Software and its subsidiaries in India, Australia and Singapore, the Pune-based IT services provider said on Thursday. Persistent will pay $5.45 million for the Palo Alto, California-based Capiot’s India operations and $0.89 million for its US business, it said. The deal is expected to close in two to four … Read more
Pune based mid-size IT firm Persistent Systems today announced the resignation of its chief executive officer Christopher O’Connor. He said that he was resigning for personal reasons through a letter dated August 9, 2020. His resignation will be effective immediately. O’Connor had taken over as CEO in April 2019 and had since put in a … Read more
Pune: Persistent Systems said it is seeing an increase in multi-million, multi-year deals as clients start to consolidate vendors and turn to digital solutions. The Pune-headquartered company reported a 9.5% increase in revenue for the quarter to June $131 million, up 3.1% sequentially. In rupee terms, revenue increased 19.1% to Rs 991.3 crore and profit … Read more