Shares of top software services exporter Tata Consultancy Services (TCS) on Monday saw buying action after brokerages raised target prices following a good show in Q4 results where a 100 bps quarter-on-quarter rise in EBIT margin surprised investors. TCS shares today rallied up to 1% to the day’s high at Rs 4,063 on BSE even … Read more
Mumbai: The shares of Tata Consultancy Services (TCS) are likely to surge in the near term in response to the company’s better-than-expected March quarter results announced after trading hours on Friday. Analysts said the stock could move up by 3-5% soon but upsides could be tempered by concerns over the revenue outlook for the sector … Read more
After more than a year of slowing sales, India’s software services companies that power corporations ranging from global banks to retailers to planemakers may finally be seeing light at the end of the tunnel. Banks spending more on technology to meet regulatory mandates, companies upgrading SAP systems and a broader increase in technology spending after … Read more
“If we analyse the call put concentration data also, the put writers are aggressive at 22,400, 22,500 strikes so that clearly shows that base is now shifted higher and 22,400 is likely to act as a support area for any kind of minor dip if we get in the markets,” says Rajesh Palviya, Axis Securities. … Read more
Brokerage firm CLSA upgraded TCS, HCL Technologies and Tech Mahindra ahead of March quarter results, while JPMorgan has an underweight rating on Tata Technologies, BofA upgraded Jubilant FoodWorks to buy and Nomura recommends a reduce rating on M&M Finance. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: … Read more
Bajaj Finserv. Share Price 1643.85 04:03 PM | 28 Mar 2024 61.20(3.87%) Grasim Industries. Share Price 2287.30 03:53 PM | 28 Mar 2024 79.96(3.63%) Hero MotoCorp. Share Price 4722.30 03:58 PM | 28 Mar 2024 149.75(3.28%) Bajaj Finance. Share Price 7245.25 03:59 PM | 28 Mar 2024 222.50(3.17%) Eicher Motors. Share Price 4019.30 03:58 PM … Read more
Dalal Street’s love for all-things-Tata got deeper in FY24 with 9 stocks, including the newly-listed Tata Technologies, giving multibagger returns up to 257%. Even the worst performing Tata stock gave 11% return. The combined market capitalisation of all Tata stocks (excluding Tata Tech) rose by Rs 9.15 lakh crore to Rs 29.62 lakh crore. This … Read more
The combined market valuation of five of the 10 most valued firms eroded by Rs 1,97,958.56 crore last week, with IT majors Tata Consultancy Services (TCS) and Infosys taking the biggest hit amid volatile trends in equities. Last week, the BSE benchmark climbed 188.51 points or 0.25 per cent. The market valuation of TCS tanked … Read more
“The Nifty IT sector has faced downward pressure for the past few days. However, stalwarts like TCS and HCL Tech exhibit resilience on longer-term charts, suggesting potential buying opportunities amid corrections. We remain watchful of Nifty IT’s ability to hold the 100-day moving average; sustaining above it could signal further buying interest,” says Rajesh Palviya … Read more
Block trades in India are close to capping their best quarter in 14 years as the country’s booming stock market encourages shareholders to monetize stakes. Shareholders have raised $7.1 billion selling their holdings in India so far this year, with the quarter on track to have raised the most from block trades since the January … Read more
