Technology sector poised for recovery; Coforge, HCL Tech could give 17-20% return in 1 year

Technology sector poised for recovery; Coforge, HCL Tech could give 17-20% return in 1 year

The technology sector is poised for a robust recovery following a period of discretionary spending cuts. Several factors indicate an upward trend in the coming years, including shifts in client behaviour, increased technology investments, and the rise of new technologies such as Generative AI (GenAI). Key verticals like BFSI, healthcare, and manufacturing are expected to … Read more

Wall Street: Wall Street Week Ahead: Stock market’s record-setting rebound may have further to go

Wall Street: Wall Street Week Ahead: Stock market’s record-setting rebound may have further to go

A rebound that has taken the U.S. stock market to record highs this week may have further to run, if history is any guide. Fresh signs of a cooling economy calmed inflation worries in May, helping all three major U.S. stock indexes rise to records this week. The benchmark S&P 500, which fell over 4% … Read more

shibani sircar kurian: Mid- to high-teens earnings growth for next 2 years likely: Shibani Sircar Kurian

shibani sircar kurian: Mid- to high-teens earnings growth for next 2 years likely: Shibani Sircar Kurian

Shibani Sircar Kurian, Senior EVP, Sr. Fund Manager & Head -Equity Research, Kotak Mahindra AMC, says “if we look at market valuations, specifically the Nifty, current multiples are slightly above long-term historic average multiples. But it also coincides with earnings growth which continues to remain strong. So, our belief is that if you look at … Read more