Shares of IT bellwether Tata Consultancy Services (TCS) are expected to remain in focus on Tuesday as the company said that it could consider a second interim dividend for the equity shareholders on October 10. TCS will hold a board meeting to take a call on this and will also announce its July-September quarter (Q2FY25) … Read more
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
The combined market valuation of 6 of the top-10 most valued firms jumped Rs 1,97,734.77 crore last week, with ICICI Bank and HDFC Bank emerging as the biggest winners, in-line with optimistic trends in equities. Last week, the BSE benchmark jumped 1,653.37 points or 1.99 per cent. The BSE benchmark soared 1,359.51 points or 1.63 … Read more
While Nifty ended with week-on-week gains of 0.7%, it was laden with top action where over three dozen companies from large, mid and smallcap segments witnessed prominent block deals worth Rs 8,364 crore on screen, which included both buying and selling actions. In the largecap segment, 15 companies witnessed significant block deals on the screen … Read more
The combined market valuation of eight of the top-10 most valued firms jumped Rs 2,10,330.26 crore in a holiday-shorted last week, with Tata Consultancy Services (TCS) and Life Insurance Corporation of India emerging as the biggest gainers. Last week, the BSE benchmark climbed 85.31 points or 0.10 per cent. The 30-share BSE Sensex hit its … Read more
After ending Friday’s session nearly 7% higher, shares of Tata Consultancy Services (TCS) could rally towards a new 52-week high of Rs 4,400. “On the weekly chart, the stock had found support at the rising trend before the recent rally. On the daily chart, the stock has given a consolidation breakout. Suggesting a rise in … Read more
Mumbai: India’s key stock indices closed at new highs on the last trading day of the week, setting fresh intraday records led by gains in IT stocks due to strong earnings and better-than-expected US consumer inflation data. Despite expensive valuations in some pockets of the market, analysts see no signs of a rally reversal. The … 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
The combined market valuation of three of the top-10 most valued firms jumped Rs 1,06,125.98 crore in holiday-shortened last week, with HDFC Bank and ICICI Bank emerging as the biggest gainers. Last week, the BSE benchmark Sensex climbed 217.13 points or 0.28 per cent. While HDFC Bank, ICICI Bank and Infosys were the gainers from … Read more
Eight of the 10 most valued domestic firms together added Rs 3.28 lakh crore to their market valuation last week, with blue-chips Tata Consultancy Services, Hindustan Unilever and Reliance Industries emerging as the biggest winners. In an eventful week, the BSE benchmark jumped 2,732.05 points or 3.69 per cent. The 30-share BSE Sensex jumped 1,720.8 … Read more
