Infosys Ltd News
Tata Motors hits 52-week high ahead of Q4 results; soars 32% so far in CY23
Brokerage firms are expecting a strong recovery in Tata Motor's financials as supply-side issues are relaxing (for JLR) and commodity headwinds are easing (for PV and CV).
 "Tata Motors hits 52-week high ahead of Q4 results; soars 32% so far in CY23")
Indian Oil posts first profit increase in 5 quarters as crude prices cool
IOC's revenue from operations rose almost 10% to Rs 2.26 trillion
 "Indian Oil posts first profit increase in 5 quarters as crude prices cool")
Hinduja lone bidder for RCap in second auction, offers Rs 9,650 cr
Upfront payment proposed; Torrent, Oaktree skip
 "Hinduja lone bidder for RCap in second auction, offers Rs 9,650 cr")
Infosys hits five-month low; stock down 10% in one month
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.
 "Infosys hits five-month low; stock down 10% in one month")
Motilal Oswal sees 17% upside potential for top-100 stocks by market-cap
Adani Ports, Hindalco among stocks with 100 per cent 'Buy' rating by analysts.
 "Motilal Oswal sees 17% upside potential for top-100 stocks by market-cap")
How to approach IT stocks amid tighter monetary policy, recession fears?
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
 "How to approach IT stocks amid tighter monetary policy, recession fears?")
Infosys announces appointment of Shaji Mathew as group head of HR
Is also designated as executive officer for reporting under SEC rules and Key Managerial Personnel as defined under IndAS 24-Related Party Disclosures
IT shares in focus; TCS hits 9-mth high; Tech Mahindra surges 11% in 2 days
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
 "IT shares in focus; TCS hits 9-mth high; Tech Mahindra surges 11% in 2 days")
Infosys, TCS better equipped to weather ChatGPT-led disruption: JP Morgan
Generative artificial intelligence models such as ChatGPT, JP Morgan said, can potentially simplify coding and democratize access to a wider pool of talent, driving a new source of disruption
 "Infosys, TCS better equipped to weather ChatGPT-led disruption: JP Morgan")
Stay selective on defensives amid current market volatility: Analysts
Given the uncertainty on how the market trajectory may play out ahead, analysts believe investors can rotate allocation from high beta stocks to defensive plays albeit selectively
 "Stay selective on defensives amid current market volatility: Analysts")
Automation, skilling can bring in $282-bn profit globally: Infosys study
Shifting to a flexible, diverse, and digital work model may bring 7.7% higher profit growth and 6.7% higher revenue growth
 "Automation, skilling can bring in $282-bn profit globally: Infosys study")
Infosys to partner with GE Digital for grid transformation solutions
Work will help operators realise a more reliable and sustainable grid, say companies
 "Infosys to partner with GE Digital for grid transformation solutions")
Infosys fires 600 freshers after they fail internal assessment: Report
This comes at a time when hundreds of freshers are waiting for their joining dates at Infosys even though they received the offer letter months ago
TCS, Persistent: Breakout in IT index may trigger up to 9% rally in stocks
Shares of Tata Consultancy Services, Infosys, HCL Technologies, Coforge and Persistent Systems are indicating chart structures that reflect resumption of their short-to-medium term upmove.
 "TCS, Persistent: Breakout in IT index may trigger up to 9% rally in stocks")
IT stocks extend gain; Persistent Systems, Coforge rise up to 16% in a week
Since January 6, the IT index rallied 9 per cent, as compared to 1.6 per cent rise in the Nifty50
 "IT stocks extend gain; Persistent Systems, Coforge rise up to 16% in a week")
Infosys CEO Salil Parekh signals M&A ramp-up as economic outlook brightens
We are very much looking at what we can do to acquire much more actively. Valuations are in a range that make more sense," Parekh told Bloomberg News in an interview at the WEF in Davos
 "Infosys CEO Salil Parekh signals M&A ramp-up as economic outlook brightens")
Infosys inks MoU with JNTU-K to accelerate digital, life skills development
As part of the engagement with Infosys, JNTU-K will offer e-content on their website including self-learning material, assignments and projects, powered by Infosys Springboard
 "Infosys inks MoU with JNTU-K to accelerate digital, life skills development")
Infosys strong TCV, deal wins in Q3 lend comfort amid macro risks: Analysts
Infosys Q3 review: The company is likely to benefit from vendor consolidation opportunities, gain market share and see margin expansion going ahead, say analysts
Stocks to Watch: Infosys, HCL Tech, Wipro, Shriram Finance, M&M, Just Dial
Stocks to Watch: IT shares are likely to be in focus after Infosys and HCL Technologies reported stronger than expected Q3 results; and Wipro scheduled to report earnings on Friday.
 "Stocks to Watch: Infosys, HCL Tech, Wipro, Shriram Finance, M&M, Just Dial")
Better bench strength: IT hirings seen at pre-Covid levels in FY24
So far the top three IT firms have announced their third quarter numbers and the dip in attrition rates and a higher bench strength seems to be signalling towards a normal year for hiring in FY24
 "Better bench strength: IT hirings seen at pre-Covid levels in FY24")
