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IT Stocks

The quantum of deal pipeline, nature of large deals, pace of decision-making and drivers of consolidation trend will also be closely tracked

Updated On: 12 Apr 2023 | 2:37 PM IST
Bs_logoInfosys Q4 Preview: Profit may weaken sequentially; FY24 guidance eyed

The Nifty 50 index closed 1.63% higher at 17,359.75. The S&P BSE Sensex rose 1.78% to 58,991.52. Both the indexes logged their best day in since Nov. 11

Updated On: 31 Mar 2023 | 4:43 PM IST
Bs_logoFinancial, IT stocks aid Indian shares snap three-month losing streak

An analysis shows the average return divergence between these two sectors during the past decade has been 37%

Updated On: 29 Mar 2023 | 10:13 PM IST
Bs_logoBanking, IT stocks winning bets over 10 years, but rarely move in step

Following recent developments around bankruptcy of Silvergate, SVB and Signature Bank in the US and UBS-CS merger will likely lead to further curtailing of discretionary tech spends in the near term.

Updated On: 23 Mar 2023 | 12:30 PM IST
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The board has nominated K Krithivasan as CEO designate with effect from March 16, 2023.

Updated On: 17 Mar 2023 | 10:33 AM IST
Bs_logoTCS down 1%, hits 4-month low day after CEO & MD Rajesh Gopinathan resigns

The growth could be a challenge in Q1FY24, too, not just because of the cautious customer behavior but also due to the added issue of productivity concessions kicking in, says Nirmal Bang in a note.

Updated On: 16 Mar 2023 | 12:33 PM IST
Bs_logoWipro hits 52-week low amid revenue growth worries; down 38% in one year

In past two days, the stock was down 4% after the company on Saturday informed to the stock exchanges that Mohit Joshi, President of the company resigned effective from March 11, 2023.

Updated On: 14 Mar 2023 | 11:38 PM IST

MOFSL believes that this is a positive for Tech Mahindra as it will help the company scale up its BFSI vertical, which has lagged peers in recent years.

Updated On: 13 Mar 2023 | 12:14 PM IST

At 09:15 AM; around 23.63 million equity shares representing 6.23 per cent of total equity of MCIE changed hands via block deal on the BSE.

Updated On: 13 Mar 2023 | 11:27 AM IST

The bank bought billions of dollars worth of bonds over the past couple of years, using customers' deposits as a typical bank would normally operate

Updated On: 12 Mar 2023 | 11:33 PM IST

According to Jefferies, analysts' consensus revenue growth estimates for CY24 have been lowered for top clients of all IT firms, barring Wipro, with the highest cuts for HCL Tech and Tech Mahindra

Updated On: 09 Mar 2023 | 10:09 PM IST

Acquisition of Quant Systems will strengthen Sonata offering in BFSI and Healthcare & Life science verticals which will aid the revenue growth of company, say analyst at ICICI Securities.

Updated On: 02 Mar 2023 | 10:10 AM IST

The company's North America arm has inked an agreement to buy 100 per cent in Texas-based Quant Systems in an all-cash deal of $65 million.

Updated On: 23 Feb 2023 | 10:11 AM IST

Last month, electronic Manufacturing Services (EMS) firm Cyient DLM, a subsidiary of Cyinet, filed preliminary papers with capital markets regulator Sebi to raise Rs 740 crore through an IPO.

Updated On: 22 Feb 2023 | 3:11 PM IST

Why is TCS bucking the trend on IT layoffs? How can millets crack the consumer market? Are IT stocks a good bet even as new hiring tapers? What is debt refinancing? All answers here

Updated On: 21 Feb 2023 | 8:00 AM IST

Thus far in calendar year 2023, the Nifty IT index has outperformed the market by surging 10 per cent, as compared to 0.55 per cent decline in the Nifty 50

Updated On: 16 Feb 2023 | 11:21 AM IST

Analysts at ICICI Securities expect TCS' margins to improve from FY23 onwards due to utilization improvement and moderation of sub-contractor costs

Updated On: 03 Feb 2023 | 11:50 AM IST

Tech Mahindra is witnessing moderation in growth, slower decision-making for projects, cuts in discretionary spending and shrinking budgets for short-term tactical deals, its management said

Updated On: 31 Jan 2023 | 11:26 AM IST

Shares of Reliance Industries on Monday ended marginally lower, after the company reported a 15 per cent decline in net profit for the third quarter

Updated On: 23 Jan 2023 | 10:52 PM IST

The company said it won several large deals across industries and service lines, driving 20 per cent sequential growth in total contract value (TCV) bookings during the quarter.

Updated On: 19 Jan 2023 | 11:28 AM IST