Tier-1 IT companies

Nifty IT index rallies over 8% in last seven sessions. Analysts maintain bullish outlook

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Nifty IT index rallies over 8% in last seven sessions. Analysts maintain bullish outlook

Having outperformed the broader Nifty 50 index in the last one year, the Nifty IT index rallied 8.5% in the last 7 consecutive sessions to reach its new peak at 41,7746.55 in Tuesday’s session. The Nifty IT Index has surged 32% last year, with the recent outperformance driven largely by a healthy first quarter, especially … Read more

SBI, Godrej Consumer top buys post Q4 results; could give 13-17% upside in 1 year

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SBI, Godrej Consumer top buys post Q4 results; could give 13-17% upside in 1 year

The corporate earnings scorecard for 4QFY24 has been in line so far. The earnings spread has been decent, with 70% of our Coverage Universe either meeting or exceeding profit expectations. However, growth has primarily been led by the BFSI and Automobile sectors. The earnings growth was fuelled by the domestic cyclicals, such as BFSI and … Read more