Page 7 - Tcs

IT firms seen logging steady sequential growth in Q2: Brokerages

Indian IT services companies are expected to log steady sequential revenue growth in September quarter but an overhang of weak global cues tinged with macro risks will put spotlight on management commentary around deal momentum and demand outlook, say analysts. Brokerage reports and analysts' notes on Q2 earnings preview anticipate reasonably strong growth quarter for Indian IT firms despite challenging macroeconomic scenario in the US and Europe, but there are fair bit of warnings around "incremental pockets of weakness" or "slowdown in coming quarters". The sunny, all-bullish demand narrative just a few quarters back has made way for more cautious and tempered expectations as storm clouds over global economy prompt economic commentators to flash warnings about recession risks and international market shocks. Reports suggest that the US-based companies, including many tech firms, have cumulatively laid off thousands of employees in 2022 alone, and slammed brakes on hirings. Back .

TCS, Infosys results, macro data to drive markets this week: Analysts

Trading in the domestic equity market this week will be influenced by quarterly results from TCS and Infosys, besides inflation and industrial production data as well as global trends, analysts said. Movement of the rupee, which has slumped to record lows against the US dollar, will also be tracked by investors, they added. "This week, participants will be eyeing important macroeconomic data viz IIP, CPI and WPI... Besides, the week also marks the beginning of the earnings season with IT majors like TCS, Infosys, HCL Tech and Wipro announcing their numbers along with two other heavyweights Bajaj Auto and HDFC Bank," said Ajit Mishra, VP - Research, Religare Broking Ltd. Performance of the US markets, FIIs' trend, and movement in currency and crude will also remain on their radar, Mishra added. Last week, the 30-share BSE benchmark Sensex jumped 764.37 points or 1.33 per cent. The domestic equity markets were closed on Wednesday for Dussehra. Apurva Sheth, Head of Market Perspectiv

Seven of top-10 firms add Rs 1 trn in mcap; RIL, TCS biggest gainers

The combined market valuation of seven of the 10 most valued firms climbed Rs 1,01,043.69 crore last week, with Reliance Industries and TCS emerging as the biggest gainers. Last week, the 30-share BSE Sensex jumped 764.37 points or 1.33 per cent. The domestic equity markets were closed on Wednesday for Dussehra. The market valuation of Reliance Industries Ltd (RIL) climbed Rs 37,581.61 crore to reach Rs 16,46,182.66 crore. Tata Consultancy Services (TCS) added Rs 22,082.37 crore, taking its valuation to Rs 11,21,480.95 crore. The market valuation of Infosys jumped Rs 16,263.25 crore to Rs 6,10,871.36 crore and that of ICICI Bank went higher by Rs 13,433.27 crore to Rs 6,14,589.87 crore. The market capitalisation (mcap) of HDFC advanced Rs 6,733.19 crore to Rs 4,22,810.22 crore and that of HDFC Bank surged Rs 4,623.07 crore to Rs 7,96,894.04 crore. Bajaj Finance added Rs 326.93 crore to its valuation to stand at Rs 4,44,563.66 crore. However, Hindustan Unilever's valuation diminis

TCS Q2 margin may expand sequentially; revenue seen rising up to 9% YoY

TCS Q2 preview: The company's EBIT margins are likely to improve by 40-118 basis points on a quarterly basis due to improved pricing, operating leverage, and absorption of wage hikes

Wipro asks employees to report to office at least three days a week

The firm's office will remain open for four days each week

Stocks to Watch: TCS, HDFC, Oil, Tata Steel, KEC, Banks, Coal India

Stocks to Watch Today: TCS is set to win $2 billion deal. Also, shares of oil related companies are likely to be in focus ahead of the OPEC+ meet on likely production cut.

TCS set to win $2-billion deal from BSNL for 4G and 5G roll-out

The official said Tata's recently acquired subsidiaries Tejas Network and Saankhya Labs would also participate in producing necessary equipment as per the deal

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

Infosys could announce a buyback along with its Q2FY23 results: Jefferies

However, they have not specified the quantum of the buyback the company could announce. Infosys is scheduled to announce its Q2-FY23 numbers on October 12

Flying on time: TCS-developed app powers AirAsia India's punctuality record

At No 3 in early 2022, the airline has topped the on-time performance for five straight months since April

Entire nation to be 5G enabled by 2023, says Dharmendra Pradhan

Pradhan also said that the brand of IITs and IIMs were sought by the developed countries to partner with their institutions

IT shares extend fall; TCS, Wipro, Infy hit 52-week lows on growth concerns

In the past two weeks, the Nifty IT index has tanked 10 per cent, as against a 5 per cent decline in the Nifty 50.

Accenture's outsourcing guidance bodes well for big Indian IT cos: Analysts

Analysts underscored that Accenture's August quarter (Q4FY22) results reflected softening of demand for IT services, and thus remain 'cautious' on the sector

TCS asks employees to work in office for at least three days a week

We are moving in a phased manner to get our associates back to office. This is in line with our vision to transition to 25*25 model: TCS spokesperson

Mcap of 6 of top-10 most valued firms tumble Rs 2 trn; IT firms drag

Six of the top-10 most valued firms suffered a combined erosion of Rs 2,00,280.75 crore from market valuation last week, with IT majors Tata Consultancy Services (TCS) and Infosys taking the biggest hit, amid weak trend in equities. Last week, the Sensex fell 952.35 points or 1.59 per cent. While Reliance Industries, TCS, HDFC Bank, Hindustan Unilever, Infosys and HDFC suffered erosion from their valuation, ICICI Bank, State Bank of India, Adani Transmission and Bajaj Finance were the gainers. The market valuation of TCS tanked Rs 76,346.11 crore to Rs 11,00,880.49 crore. Infosys lost Rs 55,831.53 crore from its valuation which remained at Rs 5,80,312.32 crore. The market capitalisation (mcap) of Reliance Industries declined by Rs 46,852.27 crore to Rs 16,90,865.41 crore and that of Hindustan Unilever fell by Rs 14,015.31 crore to Rs 5,94,058.91 crore. HDFC's valuation dipped Rs 4,620.81 crore to Rs 4,36,880.78 crore and that of HDFC Bank went lower by Rs 2,614.72 crore to Rs ...

Adani group overtakes Tatas to be India's most valued conglomerate

The gap between Mukesh Ambani and Adani has widened by 40 per cent. Ambani, with $91 billion net worth, is ranked eighth in the world

TCS becomes India's most valuable brand in 2022, says Kantar BrandZ report

TCS replaces HDFC Bank, which held the number one spot since 2014

Goldman cuts Infosys, TCS to 'sell' on looming slowdown, upgrades Wipro

Goldman said it remains 'more sanguine' on EBIT margin forecasts than on revenue of IT firms, given multiple levers such as higher employee utilisation, controls on variable pay and annual wage hikes

Bull run enters 4th day; Sensex up 456 pts, Nifty tops 18,050; metals lead

CLOSING BELL: Top large-cap gainers were Bajaj Finserv, IndusInd Bank, Bharti Airtel, Tata Consumer Products, L&T, Britannia, Bajaj Finance, SBI Life, and Tata Motors.

Stocks to Watch: HDFC Life, TCS, Zee Entertainment, OMCs, Coal India

Stocks to Watch: Abrdn, formerly Standard Life, is looking to sell 2 per cent of its stake in private sector insurer HDFC Life via block trades on Tuesday