Page 3 - It Stocks

IRCTC, Zomato, Infosys: Is investors' love for digital India over?

Some of the other 'digital / new-age' companies debuted at a steep valuation compared to the traditional technology firms. The rally fizzled out as they failed to make a decent profit

Use corrections in IT sector as buying opportunities, say experts

Stellar long-term track record, growing digitalisation augur well for IT sector funds

Indian shares rise as IT and automobile stocks boost, crude prices fall

The NSE Nifty 50 index rose 0.97% to 17,959.30 as of 0402 GMT, and the S&P BSE Sensex was 0.99% higher at 60,555.83.

Gloomy results by Alphabet, Microsoft stoke fears of a global downturn

Alphabet leads Big Tech sell-off after reporting slowdown in ad growth, Microsoft's cloud revenue softer than expected

Financials, IT, FMCG see highest FPI sell-off in first fortnight of October

Overseas funds dumped Rs 4,081 crore worth of shares of companies in the financial services sector, while IT shares worth Rs 1,665 crore were sold, according to data collated by primeinfobase.com

Similar P/E for cement & IT 'extraordinary': Kotak Institutional Equities

Brokerage says IT services firms score over cement on key parameters such as return on average capital employed, free cash flow to Ebitda ratio, dividend, and buyback payouts vis-a-vis PAT

F&O Strategy: Nandish Shah recommends Bull Spread Strategy on HCL Tech

The derivative analyst from HDFC Securities recommends buying HCL Technologies 1020 Call and selling 1040 Call of the October series.

Markets extend gains for 5th session on fag-end buying IT stocks shine

World stocks were largely negative ahead of a slew of central bank meetings

Tracxn Tech surges 25% on market debut, stock hits Rs 100-mark

With growing users for private market data, the company is looking to capitalize on the opportunity by growing its customer base further.

TMS Ep281: RBI on inflation, startup funding, IT stocks, base effect

Are RBI's hands tied when it comes to inflation? Why are Indian start-ups facing a severe funding winter? Will IT stocks survive global recession fears? What is low base effect? All answers here

Infosys surges 5%; Q2 earnings, Rs 9,300 cr share buyback lifts sentiment

The IT major has increased the lower end of the revenue guidance keeping upper end constant i.e. revenue guidance changed from 14-16 per cent to 15-16 per cent in constant currency terms.

Will IT stocks survive recession fears?

Despite a bleak global outlook, top Indian IT giants wrapped up their Q2 earnings in line with the Street's expectations. What do Q2 results indicate for the IT sector amid growing fears of recession?

Financials, IT, energy see highest FPI selloff in last fortnight of Sept

The selling dragged the BSE Financial Services index by 4.7 per cent in the last two weeks of September.

Brokerages positive on HCL Tech as co ups FY23 revenue outlook; stock up 4%

The company raised its full-year revenue growth guidance to 13.5-14.5 per cent, from 12-14 per cent on a constant currency (CC) basis, citing strong order bookings and pipeline.

Infosys shares drop 2.6% despite buyback proposal, end at Rs 1,425

The stock underperformed both the Nifty and the Nifty IT index, which fell 1.5% and 2%, respectively

TCS Q2 result: Brokerages upbeat on margin improvement; macro risks remain

TCS Q2 earnings review: Its attrition inched up to 21.5 per cent over the preceding quarter's 19.7 per cent. It said the quarterly annualized attrition has peaked in Q2 and should taper down from here

HCL Tech Q2 preview: Margins to improve QoQ; revenue may rise up to 20% YoY

HCL Tech Q2 results preview: Its net profit may rise by as much as 6 per cent YoY. The company's EBIT margins will likely improve by 20-60 basis points to 17.6%

Wipro Q2 preview: Revenue may jump 17% YoY; profit seen dropping up to 6%

Wipro Q2 results preview: Its margins will likely be weak over the last year, but may improve on a quarterly basis by 20-30 basis points (bps) to 15.3 per cent

Infosys gains nearly 1% as board to consider share buyback on Thursday

The company's board will consider a proposal for buyback of fully paid-up equity shares at its meeting on October 13, 2022 and also announce its September quarter earnings.

Are IT stocks a good contrarian bet from a one-year perspective?

Despite the ongoing selloff and the global macroeconomic stress, analysts say that the IT sector still remains a preferred bet from a long-term perspective