Accenture: Accenture revenue guidance lifts sentiment at IT counters

Accenture: Accenture revenue guidance lifts sentiment at IT counters

Mumbai: Information technology shares notched up gains in a weak market on Friday after Accenture raised its revenue guidance for FY25. Early gains, however, fizzled out at close as investors cut their bets on expectation that the upside could be capped in the near-term. HCL Tech and Coforge gained 1.4% and 1.2%, respectively. Mphasis, Persistent … Read more

IT stocks rally up to 4% as an early indicator of Q1 earnings just gave green signals

IT stocks rally up to 4% as an early indicator of Q1 earnings just gave green signals

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

Technology based mutual funds lose 4% in March. What should investors do? – Laggard category

Technology based mutual funds lose 4% in March. What should investors do? – Laggard category

Apr 06, 2024, 01:31:52 PM IST Technology funds have lost around 3.96% in one month, an analysis of performance by ETMutualFunds showed. There were around seven active schemes in the category during the said horizon. iStock Aditya Birla Sun Life Digital India Fund lost the most at around 5.52% in one month. ICICI Prudential Technology … Read more