Indian markets traded in consolidation mode this week despite the initial caution around the Hindenburg-Adani saga. However, positive global cues, including better US retail sales data and the decline in weekly jobless claims, helped the Sensex gain nearly 1%. During the week, about 43 stocks delivered double-digit weekly returns with three of them gaining over … Read more
Ahead of the June quarter earnings season in which IT majors managed to beat Street expectations led by significant improvements in the BFSI sector, mutual fund managers were smart enough to buy IT stocks even as FIIs sold. June quarter shareholding pattern shows that MFs raised stake in Infosys by 116 bps to 19.09%. The … Read more
Brokerage firms like Nomura and Investec have buy and sell views on HCL Tech, respectively, while JP Morgan and Bank of America have overweight and buy ratings on Avenue Supermarts. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Nomura on HCL Tech: Buy | Target price: Rs … Read more
Domestic markets experienced one of the best weeks in 2024 with Nifty and Sensex extending closing at record highs last week. In today’s trade, shares of HCL Tech, DMart, Jio Financial, HDFC Life, Kotak Bank among others will be in focus due to news developments and first quarter results. HDFC Life, Jio Financial, HDFC AMC, … Read more
IT services companies like TCS and HCL Tech kickstarted the first quarter earnings season in the week gone by posting better than expected results. Today, about 14 companies will release their June quarter results including Avenue Supermarts, which operates DMart. Other results to watch out for include Bhansali Engineering, Excel Realty N Infra, Geojit Financial … Read more
Synopsis HCL Tech’s Q1 FY25 results were mixed, with better-than-expected net profit due to higher other income offsetting disappointing revenue growth. Operating margins were under pressure as anticipated, and the company secured fewer new deals compared to the previous quarter, a trend also seen in its larger competitor, TCS. ET Intelligence Group: The June 2024 … Read more
Domestic markets traded volatile and closed almost unchanged on Thursday, in continuation to the previous trading session. In today’s trade, shares of TCS, HCL Tech, Anand Rathi Wealth, Prestige Estates, RIL among others will be in focus due to various news developments and first quarter results. HCL Tech, IREDAShares of HCL Tech and IREDA will … Read more
Shares of PSU defence company Mazagon Dock, which ended last week 33% higher, can rally up to Rs 6,700 level before moving into a consolidation phase, says Anand James, Chief Market Strategist, Geojit Financial Services. Edited excerpts from a chat in which the analyst also reads the charts for Nifty and Nifty Bank traders. Unlock … Read more
Technical charts suggest the short-term trend of Nifty is likely to be range-bound with a weak bias. A move below the immediate support of 23,250 could indicate the beginning of a shortterm downward correction, according to technical analysts. For short-term trading, analysts recommend stocks such as SBI, IDFC First Bank, Granules, Infosys, HCL Tech, M&M … Read more
With Prime Minister Narendra Modi-led BJP failing to secure a simple majority on its own in the Lok Sabha election, global brokerage firm CLSA has tweaked its India portfolio to make it more defensive. It has replaced L&T with HCL Tech in India-focus portfolio. “Recognising these uncertainties, we take out L&T from our India focus … Read more
