Infosys shares tumbled close to 6% on Friday as the company’s muted outlook after its third-quarter results prompted investors to cut their bets. “While Infosys reported decent numbers, the management expects a muted fourth quarter which led to the slide in the stock,” said Dharmesh Kant, head of research, Cholamandalam Securities. “Given that Infosys was … Read more
Anish Shah, Group CEO & MD, Mahindra Group, says what is helping the company stay ahead of the industry is a function of the products that they have tried to develop products which are not only the best in their segment but compete with maybe even a couple of segments above that. They are very … Read more
Reliance Industries, Tech Mahindra and Mazagon Dock among a host of other companies are likely to remain in focus this week as they are approaching their record dates for the purpose of dividend, bonus issues and stock split. The record date is the date set by the company to decide the shareholders who are eligible … Read more
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
“Tech Mahindra, Infosys all are up 40% in last six to eight months. So, large part of all positive news has been discounted and the stocks are trading at a very-very decent valuation I would put in that way,” says Sandip Agarwal, Fund Manager, Sowilo Investment Managers. From these Q2 earnings from the likes of … Read more
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
Indian Railway Finance Corporation Share Price 181.05 03:59 PM | 26 Aug 2024 -2.36(-1.29%) One97 Communications Share Price 530.4 03:59 PM | 26 Aug 2024 -24.46(-4.41%) YES Bank Share Price 24.08 03:59 PM | 26 Aug 2024 -0.32(-1.28%) ITC Share Price 505.7 03:59 PM | 26 Aug 2024 -0.11(-0.02%) HDFC Bank Share Price 1639.95 03:59 … Read more
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
Foreign institutional investors (FIIs) continued their selling spree on Thursday, offloading Indian equities worth Rs 6,867.72 crore even as domestic buyers remained net buyers at Rs 3,718.38 crore. Notwithstanding the sell-off by foreign investors, Indian headline indices on Thursday ended in the green for the second day in a row aided by strong gains in … Read more
Mumbai: Shares of Tech Mahindra jumped 7.6% as optimism around the company’s three-year growth roadmap outshone concerns over near-term profitability as reflected in the fourth-quarter results, which missed analyst estimates. The stock closed at ₹1,280 and emerged as the top gainer in Nifty on Friday, but the average share price targets mostly suggest limited upside … Read more