Skills and talent development firm NIIT Ltd on Friday posted a 43.6 per cent decline in consolidated net profit to Rs 4.37 crore in the April-June quarter due to headwinds from a turbulent environment in the technology and BFSI sectors. It had reported a profit (attributable to owners of the parent company) of Rs 7.75 … Read more
N Chandrasekaran, the Executive Chairman of Tata Sons, pocketed Rs 155.81 crore in total compensation for the financial year 2024-25, up 15% from the Rs 135 crore he earned a year earlier, according to the company’s latest annual report. The package included Rs 15.1 crore in salary and benefits, while a hefty commission on profits … Read more
“All in all, largecap would have minus one to plus one sort of a CC, constant currency, growth but the better numbers would likely be from the mid-tier players in the IT space. Again, on the IT side again, I would believe that most of the negatives are broadly in the price. If we were … Read more
The Indian market extended losses for a second consecutive week on Friday, dragged down by concerns over a delayed U.S. trade deal and disappointing quarterly results from Tata Consultancy Services. The Nifty 50 declined 1.22% to close at 25,149.85, while the BSE Sensex slipped 1.12% to 82,500.47 for the week. On the day, the Nifty … Read more
Over the past week, benchmark indices faced profit booking at higher levels. The Nifty declined by 1.22%, while the Sensex shed 925 points. Among sectors, the FMCG index outperformed with a 2.20% gain despite the overall weak market sentiment. In contrast, the Defence and IT indices saw steep declines, falling 4.50% and 3.90%, respectively. Throughout … Read more
Dividends: Afcons Infrastructure – Rs 2.5 per share (25%) ASK Automotive – Rs 1.5 per share (75%) Bajaj Electricals – Rs 3 per share (150%) Bharti Airtel – Rs 16 per share (320%) Birlasoft – Rs 4 per share (200%) Blue Star – Rs 9 per share (450%) CE Info Systems – Rs 3.5 per … Read more
Tata Elxsi on Thursday reported a 22% decline in its Q1FY26 consolidated net profit at Rs 144 crore versus Rs 184 crore in the year ago period. The revenue from operations also fell 3.7% at Rs 892 crore versus Rs 926 crore in corresponding quarter of the last financial year amid macroeconomic uncertainties and customer … Read more
“So, from a derivative standpoint, 25,000 is a crucial support, whereas from a technical perspective 25,200 is something where we are expecting markets to take support and once we have some positive development on the upside, the moment we cross 25,550, 25,600 that is when fresh momentum can also come back. So, at this point … Read more
Accenture’s better-than-estimated Q3 revenue estimates initially thrilled global tech watchers but economic uncertainty and shifting US policies are squeezing global tech spending and creating concerns for the tech companies and Indian IT stocks, which often follow Accenture’s cues are reflecting this uncertainty, Mayank Jain, Market Analyst, Share.Market says. In his view, Tier-1 giants like TCS … Read more
JM Financial has launched its India Model Portfolio with a bullish stance on banks, infrastructure, and domestic demand plays, while staying cautious on expensive mid-cap and small-cap stocks and export-oriented sectors. The brokerage said it is overweight on banks, real estate, telecom, infrastructure, defence and oil & gas. The model portfolio marks a key shift … Read more