Kaynes Technologies’ sharp 43% slide from its October peak, capped by a steep 12.5% drop on Friday, has raised questions about whether the stock is approaching a reversal zone or slipping into deeper losses. While momentum indicators remain firmly bearish, its stretched gap from the 200-day moving average suggests potential mean-reversion opportunities for tactical investors. … Read more
The Nifty50 index soared to a new all-time high of 26,310.45 in Thursday’s trading session, buoyed by strong buying interest across heavyweights in financials, IT, infrastructure, and consumption-linked stocks. The broad-based optimism in the market was reflected in the positive performance of 24 of the 50 index constituents, with several frontline stocks delivering solid percentage … Read more
Shares of information technology (IT) companies such as Infosys, TCS, HCL Tech, and Persistent Systems rose by up to 4%, driving the Nifty IT index up by 3%, as an anti-AI trade unfolds in global markets, indicating concerns about a bubble forming in AI stocks. In the afternoon, Infosys shares surged as much as 4% … Read more
After six consecutive sessions of solid gains, the Nifty paused for breath on Friday, slipping below the 26,000 mark. While some investors see this as a short-term consolidation, market expert CA Rudramurthy BV believes the broader trend remains strong and sector rotation could fuel further upside. “See, we have to understand from 24,600 Nifty has … Read more
Tech Mahindra’s (TechM) stock has lost nearly 10% over the past three months. The ET Infotech index fell by 5% during the period. The company’s lacklustre performance on the bourses was despite its better than expected financial numbers for the September quarter. The stock is under pressure due to concerns over delay in project ramp … Read more
Market expert Dipan Mehta from Elixir Equities shared his insights on IT, consumer electronics, insurance, and healthcare sectors, emphasizing selective investment opportunities in an otherwise subdued market environment. On the IT sector, Mehta in an interview to ET Now noted, “It is one of selectivity and we have seen the results so far which have … Read more
US President Donald Trump‘s move to introduce a $100,000 fee for new H-1B visa applications is large enough to make sending Indian software engineers to the US economically unviable for Indian tech companies. While the top five Indian IT firms derive roughly 55% of their revenue from the US, Infosys is estimated to have the … Read more
Foreign brokerage firm Jefferies has turned more cautious on Indian IT services stocks, revising its target prices for TCS, Infosys, HCLTech, Wipro and Tech Mahindra, while maintaining its preference for Coforge and HCL Technologies over larger peers. The rationale for the cautious view stems from what Jefferies calls “AI-led disruption” combined with a slower-than-expected revival … Read more
Mumbai: Long-term equity investors who are willing to look past near-term adversities and focus on a beaten-down theme may consider allocating to the Nifty IT Index Fund or Nifty IT Exchange Traded Fund (ETF). Wealth managers say that, given the IT sector’s underperformance compared with the broader market, investors could stagger their bets over the … 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