KPIT’s promoters increase stake in company

KPIT Technologies, product engineering and IT consulting partner to Automotive, Manufacturing and Energy companies has said in a filing to the Bombay Stock Exchange that the promoters of KPIT have purchased 4,375,452 shares of KPIT through Proficient Finstock LLP (Proficient) taking the total Promoter holding in the company to 18.94 per cent.

To fund the above transaction, Proficient

Buy Majesco Ltd For Target Rs.546.00 - Reliance Sec

STOCK IN FOCUS

* Majesco’s stock price rose 3.2% in yesterday’s trade, while the BSE Sensex rose by 0.3%.

* Majesco’s 3QFY17 revenue fell 3.3% qoq in USD terms (-2.7% qoq in INR terms), owing to lack of client addition and currency headwinds, mainly GBP depreciation vs the USD.

* Client-specific is

28/03/2017 11:14:09 AM | Posted in Broking Firm Views - Short Term Report read full news
Infosys, Tech Mahindra, TCS bag top awards by Hyderabad IT body

Infosys, Tech Mahindra and Tata Consultancy Services bagged top IT exporter awards by the Hyderabad Software Enterprises Association (HYSEA).

The apex body of more than 300 IT, ITeS companies on Thursday held 25th Annual HYSEA Summit and Software Product Awards.

Microsoft was adjudged as the top MNC IT exporter and Google the fastest growing IT company.

Amit Sharma

Buy HCL Technologies Ltd For Target Rs.963.00 - Reliance Sec

STOCK IN FOCUS

* HCL Technologies’ stock price rose 1.8% in yesterday’s trade, while the BSE Sensex declined by 1.1%.

* HCLT’s 3QFY17 revenue rose 1.3% qoq in USD terms (3% qoq in CC terms), led mainly by Engineering Services (+5.9% QoQ in USD terms,, +7% in CC terms).

* A positive sign was reitera

23/03/2017 11:42:15 AM | Posted in Broking Firm Views - Short Term Report read full news
Subex zooms nearly 8% on fund raising plans

Shares of Subex, a leading global provider of business and operations support systems, spiked nearly 8 per cent on the Bombay Stock Exchange (BSE) ahead of the board meeting today to consider fund raising plans by issue of equity shares or such other securities. “The board of directors of company is proposed to be held on March 24, 2017 to consider and approve raising funds by issue of eq

Buy HCL Technologies Ltd For Target Rs.965.00 - Sharekhan

Key points

To return ~27% of cash to investors through buyback:

The Board of Directors of HCL Technologies (HCL Tech) at its meeting held on March 20, 2017, approved the buyback of up to 3.5 crore equity shares (2.48% of outstanding equity capital after the allotment of shares to the shareholders of Geometric

22/03/2017 12:15:21 PM | Posted in Broking Firm Views - Long Term Report read full news
HCL to provide IT services to Volvo Ocean Race

HCL Technologies, the leading global IT services company has said that it has been chosen as the strategic IT services provider to the Volvo Ocean Race. HCL will be responsible for developing and delivering IT solutions for the 2017–18 edition of the race around the world. The Volvo Ocean Race held every three years witnesses the coming together of the best sailors across the world to com

Tech Mahindra to market Huawei enterprise products globally

 IT major Tech Mahindra and Huawei on Friday signed a global partnership agreement under which Tech Mahindra will market Huaweis enterprise products and services across 44 countries, including in India.

The alliance would also involve launching a joint go-to-market (GTM) strategy, thus giving a boost to the competitiveness of both companies in the global marketplace, by leveragin

Hold Tata Consultancy Services Ltd For Target Rs.2,420.00 - Emkay

Optimistic about demand trends; however awaits validation

* While remaining shy of sharing near term business outlook (Mar’17 quarter), Company continues to believe that macro improvement in US should translate into better client spending trends however it awaits more clarity on deal closures/signings during the month of Mar’17 to validate

17/03/2017 3:07:20 PM | Posted in Broking Firm Views - Long Term Report read full news
Hiring up 15% in February, with IT sector in focus: Naukri

Hiring in February has seen an increase of 15 per cent compared with the previous month, with the IT sector being in the focus, a report by a job portal said on Thursday.

"Though the Jobspeak index has shown just 1 per cent Y-O-Y growth in February, the good news is the month-on-month growth of over 15 per cent in February compared with January. We can expect the job market to be

Megri Soft to acquire 11.67% stake in Kohli & Kohli Financial

Megri Soft said that it has received an approval to invest Rs 25.30 lakh (accounting to 11.67%) in the equity shares of the Kohli & Kohli Financial Consultants. “The Company in their meeting held on March 15, 2017 has decided to acquire/invest Rs. 25,30,000/- (accounting to 11.67%) in the Equity Shares of the Kohli & Kohli Financial Consultants Limited,” it said in a filing

Buy Wipro Ltd For Target Rs.599.00 - India Nivesh Sec

Wipro to Develop Next‐Generation Enterprise Master Patient Index (eMPI) Solution
for NHS Scotland

Wipro has won 12‐years contract from NHS Scotland to build a next generation Enterprise Master patient index (eMPI) solution. This solution will help NHS Scotland transition from its current legacy Community Health Index System (CHI) to offer co

16/03/2017 2:50:17 PM | Posted in Broking Firm Views - Long Term Report read full news
Megri Soft advances on buying stake in Kohli & Kohli Financial

Shares of Megri Soft surged nearly 5 per cent on the Bombay Stock Exchange after the company has received an approval to invest Rs 25.30 lakh in the equity shares of the Kohli & Kohli Financial Consultants. “The Company in their meeting held on March 15, 2017 has decided to acquire/invest Rs. 25,30,000/- (accounting to 11.67%) in the Equity Shares of the Kohli & Kohli Financial Co

HCL Technologies surges on share buyback plan

Shares of HCL Technologies surged nearly 2 per cent on the Bombay Stock Exchange after the company said that its board of directors will meet on Monday, March 20, 2017 to consider a share buyback proposal.

"A meeting of the Board of Directors of the company will be held on Monday, March 20, 2017, to consider a proposal for buyback of the equity shares of the company," the IT

AI to have dramatic impact on business by 2020: TCS

Sixty-eight per cent of organisations use artificial intelligence (AI) for IT functions, but 70 per cent believe AIs greatest impact by 2020 will be in marketing, customer service, finance and HR, a new study said on Wednesday.

According to global IT consulting firm Tata Consultancy Services (TCS), organisations with the greatest financial improvements from AI investments expect three

IT skill gap threatening Indian CIOs' digitisation dream: Report

As more and more Indian CIOs look forward to embrace digital technologies, lack of skilled IT talent in the country has become a viable threat to their dreams, a new report said on Wednesday.

According to Gartner's annual global survey of CIOs that received responses from 65 Indian CIOs, average IT budgets in India are expected to grow 10.7 per cent in 2017 -- nearly five times fa

Rupee hits 16-month high, bonds rally most in two weeks ahead of Fed

MUMBAI - The rupee hit a 16-month peak against the dollar and bonds rallied the most in two weeks on Wednesday on hopes of a less hawkish tone on interest rates by the U.S Federal Reserve at the end of its two-day policy meeting later in the day.

The stock market however ended nearly unchanged a day after the broader NSE index hit a record high and the benchmark BSE i

Hold Mphasis Ltd For Target Rs.565.00 - Emkay

Downside risk to growth and margin expectations

* Management remains hopeful of achieving industry leading growth in the Direct Core International business with opportunity to tap business within the Blackstone portfolio to show early traction by H2FY18E, though we note recent moderation in growth here

* HP Business stable; Digital Risk could

15/03/2017 2:43:11 PM | Posted in Broking Firm Views - Long Term Report read full news
Accumulate Mindtree Ltd For Target Rs.560.00 - Emkay

Stability at top clients to aid margin improvement

* Mindtree remains focused on improving operational performance after the setbacks in CY16. Decline in business at top clients was a function of client specific issues with the decline mostly behind. Company confident of it’s competitive positioning within the top clients.

* Deal pipeli

14/03/2017 3:20:08 PM | Posted in Broking Firm Views - Long Term Report read full news
Buy NIIT Ltd For Target Rs.110.00 - Emkay

Structural thesis intact

* Our structural thesis on NIIT remains intact despite the soft performance in the past 2 quarters caused by one time hits in the Corporate (CLS) segment (one existing client filed for Chapter 7 bankruptcy) and mix impact and Demon led pressure in the Skills (SNC) segment.

* We are enthused with the response received

14/03/2017 2:38:24 PM | Posted in Broking Firm Views - Long Term Report read full news
Ramco Systems gains on bagging order from Ravensdown Aerowork

Shares of Ramco Systems gained over 3 per cent on the Bombay Stock Exchange after the company said it has received an order from New Zealand based Ravensdown Aerowork, a subsidiary of the farmer-owned-cooperative Ravensdown. “Ramco will deploy Ramco Aviation Suite v5.8 to enable Ravensdown Aerowork automate and unify the maintenance and overhaul operations of its fleet,” the company

Palred Technologies zooms on preferential issue to Florintree, others

Shares of Palred Technologies (formerly Four Soft) soared over 9 per cent on the Bombay Stock Exchange and has locked in upper circuit after the board approved an allotment of equity shares worth of Rs 22 crore to Florintree Advisors and others. “Florintree led and advised investors are the lead participants in this round of preferential allotment.

The investors include Mathew C

Tata Elxsi ties up with DiSTI to make e-Cockpit Demonstrator

DiSTI Corporation has announced a strategic partnership with Tata Elxsi to deliver DiSTI's GL Studio UI products with Tata Elxsi software services, reported PTI. The DiSTI Corporation is a leading provider of graphical user interface software and customised 3D virtual maintenance training solutions. "Tata Elxsi developed their e-Cockpit demonstrator using DiSTI's GL Studio UI Desig

Mphasis gets shareholder nod to buy back 1.73 crore shares

IT services provider Mphasis on Monday said that its shareholders have approved the proposal to buyback 1.73 crore equity shares worth about Rs 1,103 crore. The proposal to buy back 1,73,70,078 equity shares at a price not exceeding Rs 635 per share has been approved by shareholders, the company stated in the voting results on the proposal, in a BSE filing on Monday.

According to the

NIIT Imperia partners IIM Lucknow for EPBM

NIIT has said that its centre for Advanced Learning Institute, Imperia along with IIM Lucknow has announced the sixth batch for Executive Program in Business Management (EPBM). This one-year part-time certificate program covers all critical functions of Management and is specially designed for professionals who seek to groom their corporate careers for higher levels of responsibilities.