Hoping to see a turnaround of fortunes in FY25, foreign institutional investors (FIIs) raised stakes in TCS, Infosys, HCL Tech, Wipro, Coforge and Persistent Systems in the March quarter. But as the macro environment remains uncertain with further challenges in the short run, dollar money is now having second thoughts. In the first fortnight of … Read more
Brokerage Citigroup maintained a sell rating on Wipro, Morgan Stanley recommended an Equal-Weight rating on HDFC AMC, Investec recommended a buy on Dixon Technologies and a hold on HDFC Bank post Q4 results. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Investec on HDFC Bank: Hold | … Read more
With Wipro and Infosys’ results out this week, the fourth quarter earnings season will now pick up pace as the upcoming week will witness the results for Axis Bank, ICICI Prudential Life Insurance, Mahindra & Mahindra Financial Services, Tata Elxsi, along with 167 other companies. Other big players across sectors, like HUL, Indian Hotels, OFSS, … Read more
With the onset of the fourth quarter earnings season, investors are closely monitoring the big corporations to gauge the near-term outlook. Analysts said a strong domestic macro environment marked the quarter. Most domestic high-frequency indicators have trended higher during the quarter and are likely to translate into good demand momentum for the domestic corporate segment. … 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
In the race of returns, gold appears to have left the S&P BSE Sensex behind by miles in 2024. The yellow metal has approximately given 13% returns on a year-to-date (YTD) basis as against a 4% gain delivered by India’s heartbeat index. In the 30-stock index, 10 have given returns superior to gold in 2024. … Read more
Shares of Wipro on Monday fell around 1% to the day’s low at Rs 479 on BSE after investors were left surprised by the sudden exit of the Bengaluru-based IT major’s CEO and MD Thierry Delaporte. About half of the brokerages have a sell rating on the Nifty IT stock as they believe that transition … Read more
Wipro on Saturday said its chief executive officer Thierry Delaporte was leaving the company effective immediately “to pursue passions outside the workplace”. He will be replaced by the Americas head of the company Srini Pallia, the company said in a notification to the exchanges. “I’d like to express my gratitude to Thierry for his leadership … Read more
Apr 06, 2024, 01:31:52 PM IST Technology funds have lost around 3.96% in one month, an analysis of performance by ETMutualFunds showed. There were around seven active schemes in the category during the said horizon. iStock Aditya Birla Sun Life Digital India Fund lost the most at around 5.52% in one month. ICICI Prudential Technology … 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
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