Betting that IT stocks could be traversing an inflection point as the growth momentum may bottom out over the next few months and a return to growth over CY24 on the back of easing of several headwinds and new drivers taking over, both FIIs and mutual funds increased their shareholding in most largecaps.MF holding in … Read more
Tech Mahindra Ltd, part of the Indian IT sector, rose more than 3% in a week to break out from a Flag pattern on the weekly charts and is consolidating at the breakout area of 1-year long consolidation. Tech Mahindra stock which is also part of the S&P BSE Sensex hit a 52-week high of … Read more
CP Gurnani, MD & CEO, Mohit Joshi, CEO designate and Rohit Anand, CFO, Tech Mahindra, in conversation with ET Now, after the company missed estimates and profit drops 39% for the first quarter.Gurnani says he feels encouraged because the overall deal pipeline is very strong. “All the changes were earlier in my planning. I used … Read more
Life Insurance Corp (LIC), one of the biggest domestic institutional investors in India, has increased stake in IT services company Tech Mahindra. The state-owned insurer has freshly added 1.96 crore shares in Tech Mahindra, increasing its shareholding to 8.8% from 6.8% earlier. “The corporation’s shareholding in Tech Mahindra has increased from 6,69,25,392 to 8,65,58,538 equity … Read more
Global brokerage firm Goldman Sachs downgraded , and to sell while upgrading to buy. CLSA, meanwhile, maintained a buy rating on . We have collated a list of recommendations from top brokerage firms from ET Now and other sources. Take a look: Goldman Sachs on Infosys: Downgrade to sell| Target Rs 1244Goldman Sachs downgraded Infosys … Read more