News

Add eClerx Services Ltd For Target Rs.3,500 By Emkay Global Financial Services eClerx reported strong results in Q2FY25; revenue growth and margin were both better than our estimates. Revenue growth was led by Financial Market supported by Customer Operations, whereas Digital saw mixed performance. The strong margin performance was aided by: i) Stronger revenue growth, ii) Higher utilizations, and iii) One-offs to the tune of 85bps. New deals ACV was down 1.7% YoY, attributable to longer decision making by clients, particularly in the digital segment. While the overall ...
Add eClerx Services Ltd For Target Rs.3,500 By Emkay Global Financial Services
Add eClerx Services Ltd For Target Rs.3,500 By Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
2024-11-21 04:06:16 pm
Zaggle Prepaid Ocean Services touches roof on inking pact with Strada India Zaggle Prepaid Ocean Services is currently trading at its upper limit of Rs. 461.20, up by 21.95 points or 5.00% from its previous closing of Rs. 439.25 on the BSE. The scrip opened at Rs. 439.95 and has touched a high and low of Rs. 461.20 and Rs. 427.00 respectively. So far 26023 shares were traded on the counter. The BSE group 'T' stock of face value Rs. 1 has touched a 52 week high of Rs. 493.00 on 17-Sep-2024 and a 52 week low of Rs. 207.50 on 17-Jan-2024. Last one week ...
Zaggle Prepaid Ocean Services touches roof on inking pact with Strada India
Zaggle Prepaid Ocean Services touches roof on inking pact with Strada India
Source: Accord Fintech
2024-11-21 03:16:16 pm
LTIMindtree trades higher on the BSE LTIMindtree is currently trading at Rs. 5909.50, up by 32.90 points or 0.56% from its previous closing of Rs. 5876.60 on the BSE. The scrip opened at Rs. 5875.00 and has touched a high and low of Rs. 5931.40 and Rs. 5845.40 respectively. So far 1129 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 6575.00 on 19-Sep-2024 and a 52 week low of Rs. 4518.35 on 04-Jun-2024. Last one week high and low of the scrip stood...
LTIMindtree trades higher on the BSE
LTIMindtree trades higher on the BSE
Source: Accord Fintech
2024-11-21 01:45:37 pm
Sattrix Information Security zooms on bagging order from Bharti Airtel Sattrix Information Security is currently trading at Rs. 178.45, up by 15.40 points or 9.44% from its previous closing of Rs. 163.05 on the BSE. The scrip opened at Rs. 166.00 and has touched a high and low of Rs. 180.00 and Rs. 165.00 respectively. So far 15000 shares were traded on the counter. The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 254.00 on 28-Jun-2024 and a 52 week low of Rs. 141.95 on 18-Jun-2024. Last one week high and low of the...
Sattrix Information Security zooms on bagging order from Bharti Airtel
Sattrix Information Security zooms on bagging order from Bharti Airtel
Source: Accord Fintech
2024-11-21 11:34:05 am
Wipro gains on collaborating with Lineaje Wipro is currently trading at Rs. 566.70, up by 5.05 points or 0.90% from its previous closing of Rs. 561.65 on the BSE. The scrip opened at Rs. 560.05 and has touched a high and low of Rs. 566.70 and Rs. 560.00 respectively. So far 20657 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 583.00 on 11-Nov-2024 and a 52 week low of Rs. 393.20 on 28-Nov-2023.  Last one week high and low of the scrip stood at Rs....
Wipro gains on collaborating with Lineaje
Wipro gains on collaborating with Lineaje
Source: Accord Fintech
2024-11-21 09:56:13 am
LTIMindtree soars on strengthening strategic partnership with Nexi Group LTIMindtree is currently trading at Rs. 5885.40, up by 48.20 points or 0.83% from its previous closing of Rs. 5837.20 on the BSE. The scrip opened at Rs. 5820.05 and has touched a high and low of Rs. 5960.60 and Rs. 5820.05 respectively. So far 3451 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 6575.00 on 19-Sep-2024 and a 52 week low of Rs. 4518.35 on 04-Jun-2024. Last one week high and low of the scrip stood...
LTIMindtree soars on strengthening strategic partnership with Nexi Group
LTIMindtree soars on strengthening strategic partnership with Nexi Group
Source: Accord Fintech
2024-11-19 03:55:30 pm
Centre gives finishing touches to key rail line projects linked to ports in southern states  The Centre’s Network Planning Group (NPG) which met on Monday evaluated major railway infrastructure projects including the 185 km Ballari - Chikjajur Doubling project which aims to connect Ballari, Chitradurga, and Anantapur districts, facilitating the movement of iron ore, coal, cement, and food grains. An official statement said that the 4th line is expected to support industrial hubs like Jindal Steel, which is planning to expand production to 24 MTPA while addressing freig...
Centre gives finishing touches to key rail line projects linked to ports in southern states
Centre gives finishing touches to key rail line projects linked to ports in southern states
Source: IANS
2024-11-19 10:49:37 am
ITCONS E-Solutions jumps on planning to enter into strategic partnership with Uni B Solutions ITCONS E-Solutions is currently trading at Rs. 594.00, up by 13.10 points or 2.26% from its previous closing of Rs. 580.90 on the BSE. The scrip opened at Rs. 604.50 and has touched a high and low of Rs. 604.50 and Rs. 551.90 respectively. So far 9400 shares were traded on the counter. The BSE group 'MT' stock of face value Rs. 10 has touched a 52 week high of Rs. 767.00 on 25-Sep-2024 and a 52 week low of Rs. 39.65 on 27-Dec-2023. Last one week high and low of the scrip stoo...
ITCONS E-Solutions jumps on planning to enter into strategic partnership with Uni B Solutions
ITCONS E-Solutions jumps on planning to enter into strategic partnership with Uni B Solutions
Source: Accord Fintech
2024-11-18 03:58:42 pm
1 in 5 IT decision-makers struggling to find AI/ML talent One in five IT decision-makers is facing difficulty in finding Artificial intelligence (AI) / machine learning (ML) talent, according to a report, highlighting a major gap in these advanced skills.  The report by Skillsoft, a platform for transformative learning experiences, showed that IT decision-makers are also struggling with hiring cybersecurity and information security talent (38 per cent).  As a result, AI/ML remains the top investment priority for IT decision-makers as...
1 in 5 IT decision-makers struggling to find AI/ML talent
1 in 5 IT decision-makers struggling to find AI/ML talent
Source: IANS
2024-11-15 03:29:16 pm
India`s IT-flexi staffing industry to see steady 7 pc annual growth till FY26 The $4.9 billion India’s IT-flexi staffing industry is poised for a steady 7 per cent annual growth through FY 2024-FY 2026, according to a report on Thursday.  The Indian IT-flexi staffing market currently has a workforce of 597,000. Global capability centres (GCCs) demonstrate a higher penetration rate in IT-flexi staffing (8.2 per cent) compared to traditional IT-ITeS firms. IT/ITeS and GCC collectively hold half of the market share employing 49 per cent of the total IT Fl...
India`s IT-flexi staffing industry to see steady 7 pc annual growth till FY26
India`s IT-flexi staffing industry to see steady 7 pc annual growth till FY26
Source: IANS
2024-11-14 04:41:22 pm
Buy Larsen & Toubro Ltd For Target Rs.4,300 By Motilal Oswal Financial Services Ltd Ticking the right boxes Larsen & Toubro (LT)’s results came ahead of our estimates, primarily led by betterthan-expected order inflow and execution, decent margin performance, further decline in NWC, and improving RoEs. The company reported 21%/13%/5% YoY growth in revenue/EBITDA/PAT on a consolidated basis. The core E&C revenue growth at 28% YoY continued to outperform in 2QFY25 too, vs. guidance of mid-teens growth for the full year. Core E&C margins improved slightly Y...
Buy Larsen & Toubro Ltd For Target Rs.4,300 By Motilal Oswal Financial Services Ltd
Buy Larsen & Toubro Ltd For Target Rs.4,300 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd Ltd
2024-11-14 04:09:12 pm
KFin Technologies soars on incorporating subsidiary company in Thailand KFin Technologies is currently trading at Rs. 980.00, up by 14.60 points or 1.51% from its previous closing of Rs. 965.40 on the BSE. The scrip opened at Rs. 965.00 and has touched a high and low of Rs. 982.95 and Rs. 963.55 respectively. So far 26703 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1188.45 on 27-Aug-2024 and a 52 week low of Rs. 456.10 on 21-Dec-2023. Last one week high and low of the scrip sto...
KFin Technologies soars on incorporating subsidiary company in Thailand
KFin Technologies soars on incorporating subsidiary company in Thailand
Source: Accord Fintech
2024-11-14 03:49:21 pm
Stock of the day : Infosys Ltd For Target Rs. 1970 - Religare Broking Infosys Ltd * Among the IT space, INFY is the strongest counter to deliver consistent performance. * INFY has formed a clear uptrend with the least volatility distracting the trend. * Recently, stock comprehended a healthy correction from record highs and rebounded from 100EMA zones. * Recommendation: Maintain buy and accumulate for short as well as medium term for new fresh highs to 2000 Mark. * Traders are recommended to accumulate in the mentioned range. Buy Info...
Stock of the day : Infosys Ltd For Target Rs. 1970 - Religare Broking
Stock of the day : Infosys Ltd For Target Rs. 1970 - Religare Broking
Source: Religare Broking
2024-11-14 10:55:03 am
One Point One Solutions reports robust financial performance in Q2 FY25 One Point One Solutions, a leader in next-generation Business Process Management (BPM) services, has announced its financial results for the second quarter ending September 30, 2024, demonstrating robust performance across key financial indicators. Consolidated for Q2 FY25      Financial Highlights:    * Revenue: Grew to Rs.62.48 crore in Q2 FY25 from  Rs.39.88 crore in Q2 FY24, marking a substantial 56.68% year-on-year increase. * EBITDA: Inc...
One Point One Solutions reports robust financial performance in Q2 FY25
One Point One Solutions reports robust financial performance in Q2 FY25
Source: PR Agency
2024-11-13 11:14:15 am
L&T inches up after its business vertical secures LNTP from NTPC Larsen & Toubro is currently trading at Rs. 3627.80, up by 0.45 points or 0.01% from its previous closing of Rs. 3627.35 on the BSE. The scrip opened at Rs. 3630.00 and has touched a high and low of Rs. 3649.55 and Rs. 3602.00 respectively. So far 13719 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3948.60 on 03-Jun-2024 and a 52 week low of Rs. 3031.25 on 13-Nov-2023. Last one week high and low of the scr...
L&T inches up after its business vertical secures LNTP from NTPC
L&T inches up after its business vertical secures LNTP from NTPC
Source: Accord Fintech
2024-11-12 02:59:32 pm
L&T Technology Services zooms as the company to acquire 100% shares of Intelliswift Software (India) L&T Technology Services is currently trading at Rs. 5365.20, up by 257.85 points or 5.05% from its previous closing of Rs. 5107.35 on the BSE. The scrip opened at Rs. 5181.00 and has touched a high and low of Rs. 5370.00 and Rs. 5166.45 respectively. So far 4684 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 5990.00 on 29-Aug-2024 and a 52 week low of Rs. 4228.00 on 04-Jun-2024. Last one week high and low o...
L&T Technology Services zooms as the company to acquire 100% shares of Intelliswift Software (India)
L&T Technology Services zooms as the company to acquire 100% shares of Intelliswift Software (India)
Source: Accord Fintech
2024-11-12 02:53:54 pm
India`s IT spending to reach $160 bn in 2025 India’s IT spending is projected to reach $160 billion in 2025, an increase of 11.2 per cent from 2024, according to a report on Tuesday.  Fuelled by expansion in both application and infrastructure software markets, software spending in India is projected to record the highest annual growth rate, increasing 17 per cent in 2025, according to a Gartner report. “In 2025, Indian chief information officers (CIOs) will start allocating budgets for generative AI (GenAI) beyon...
India`s IT spending to reach $160 bn in 2025
India`s IT spending to reach $160 bn in 2025
Source: IANS
2024-11-12 02:41:10 pm
IT firm Black Box posts robust EBITDA and PAT growth in Q2, FY25 first half Leading IT solutions provider Black Box Ltd on Monday reported robust quarterly and half yearly EBITDA and profit after tax (PAT) growth for the period ended September 30.  EBITDA for the quarter increased to Rs 135 crore, reflecting a growth of 34 per cent YoY and 18 per cent QoQ. For the first half (H1) of FY25, EBITDA grew by 31 per cent YoY and stood at Rs 250 crore. EBITDA margins for Q2 FY25 improved substantially by 260 basis points YoY to 9.0 per cent whereas for H1 FY25...
IT firm Black Box posts robust EBITDA and PAT growth in Q2, FY25 first half
IT firm Black Box posts robust EBITDA and PAT growth in Q2, FY25 first half
Source: IANS
2024-11-11 11:28:39 am
Sasken Technologies moves higher on the BSE Sasken Technologies is currently trading at Rs. 1774.00, up by 31.85 points or 1.83% from its previous closing of Rs. 1742.15 on the BSE. The scrip opened at Rs. 1806.30 and has touched a high and low of Rs. 1830.00 and Rs. 1753.00 respectively. So far 2254 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1950.00 on 03-Jul-2024 and a 52 week low of Rs. 1131.10 on 04-Dec-2023. Last one week high and low of the sc...
Sasken Technologies moves higher on the BSE
Sasken Technologies moves higher on the BSE
Source: Accord Fintech
2024-11-11 11:06:15 am
Stock of the day : HCL Technologies Ltd For Target Rs. 1910 - Religare Broking HCL Technologies Ltd * Among the most resilient sector i.e., IT, HCLTECH is inline with its rigid setup which denotes positive trend. * Stock is trading above its moving averages and rising higher with higher-highs and higher lows. * After mild correction from record highs, Stock took support and has bounced from its 50EMA. * Verdict: Stock is in steady uptrend * Traders are recommended to rely on the reversal keeping 50EMA as eminent support. Bu...
Stock of the day : HCL Technologies Ltd For Target Rs. 1910 - Religare Broking
Stock of the day : HCL Technologies Ltd For Target Rs. 1910 - Religare Broking
Source: Religare Broking Ltd
2024-11-11 11:03:26 am
Reduce Coforge Ltd For Target Rs. 7,809 By Choice Broking Ltd Acquisition synergies and high order intake to drive growth Coforge reported robust Q2FY25 revenues at $369.4mn, up 26.3% QoQ and 33.0% YoY in cc (+26.8% QoQ and +32.8% YoY in USD terms) led by broad based growth across verticals. INR revenue for the quarter stood at INR30,623mn, up 27.5% QoQ and 34.5% YoY. The company recorded a total order intake of $516mn ($67mn from Cigniti) for Q2FY25. The total order book executable over the next 12 months is at $1.31bn, up 40.0% YoY. APAT (excl. min...
Reduce Coforge Ltd For Target Rs. 7,809 By Choice Broking Ltd
Reduce Coforge Ltd For Target Rs. 7,809 By Choice Broking Ltd
Source: Choice Broking Ltd
2024-11-10 11:21:22 am
Outperform Ugro Capital Ltd For Target Rs.345 By Choice Broking Ltd Milestone Quarter for the, MSME focused, fastest growing tech led NBFC Ugro witnessed a milestone quarter as its surpassed 100,000 mn Aum mark with lifetime highest Net Loan Origination of Rs 19,700 millions in current quarter attributable to burgeoning momentum in on-ground presence pan- India. The portfolio yields inches up as the focused segments ie Micro Enterprise and Business Loans witness robust growth during the quarter led by branch expansion. Credit Rating upgrade offers a testim...
Outperform Ugro Capital Ltd For Target Rs.345 By Choice Broking Ltd
Outperform Ugro Capital Ltd For Target Rs.345 By Choice Broking Ltd
Source: Choice Broking Ltd
2024-11-09 11:11:15 am
Bharat Global Developers touches roof on BSE Bharat Global Developers is currently trading at its upper circuit limit of Rs. 948.55, up by 45.15 points or 5.00% from its previous closing of Rs. 903.40 on the BSE. The scrip opened at Rs. 945.00 and has touched a high and low of Rs. 948.55 and Rs. 945.00 respectively. So far 46138 shares were traded on the counter. The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 1069.60 on 17-Oct-2024 and a 52 week low of Rs. 16.14 on 09-Nov-2023. Last one ...
Bharat Global Developers touches roof on BSE
Bharat Global Developers touches roof on BSE
Source: Accord Fintech
2024-11-08 12:39:12 pm
HCL Tech trades higher on the BSE HCL Technologies is currently trading at Rs. 1848.25, up by 17.20 points or 0.94% from its previous closing of Rs. 1831.05 on the BSE. The scrip opened at Rs. 1835.00 and has touched a high and low of Rs. 1853.25 and Rs. 1827.65 respectively. So far 24606 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1886.60 on 21-Oct-2024 and a 52 week low of Rs. 1235.00 on 04-Jun-2024. Last one week high and low of the scrip...
HCL Tech trades higher on the BSE
HCL Tech trades higher on the BSE
Source: Accord Fintech
2024-11-08 12:29:57 pm
Wipro soars on launching Wipro`s Google Gemini Experience Zone Wipro is currently trading at Rs. 572.95, up by 9.70 points or 1.72% from its previous closing of Rs. 563.25 on the BSE. The scrip opened at Rs. 568.80 and has touched a high and low of Rs. 574.60 and Rs. 565.00 respectively. So far 106928 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 580.00 on 19-Jul-2024 and a 52 week low of Rs. 376.90 on 10-Nov-2023. Last one week high and low of the scrip stood at Rs. 574....
Wipro soars on launching Wipro`s Google Gemini Experience Zone
Wipro soars on launching Wipro`s Google Gemini Experience Zone
Source: Accord Fintech
2024-11-08 11:21:16 am
Accumulate Tata Elxsi Ltd For Target Rs. 7,901 By Geojit Financial Services Ltd Recovery expected in later half. Tata Elxsi (TELX) is a leading provider of IT ER&D (engineering, research and development) services. TELX has capabilities across Automotive, Broadcast & Communications, and Healthcare industries. * In Q2FY25, TELX reported an 8% YoY & 3.1% QoQ growth. The growth was aided by large deals in the transportation segment which grew by 4.4% QoQ in constant currency terms. However, the Media & Communication and Healthcare segments were impacted...
Accumulate Tata Elxsi Ltd For Target Rs. 7,901 By Geojit Financial Services Ltd
Accumulate Tata Elxsi Ltd For Target Rs. 7,901 By Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd.
2024-11-07 05:58:27 pm
Buy Tech Mahindra Ltd For Target Rs.1,834 By Choice Broking Ltd Tech Mahindra Ltd. reported Q2FY25 revenues at $1,589mn, growth of 0.7% QoQ and 1.2% YoY in cc terms. In USD terms, revenue was up 1.9% QoQ and 2.2% YoY. In INR terms, revenue stood at INR133bn, up 2.4% QoQ and 3.5% YoY. Growth was broad based across verticals except for Communications industry, where there is weakness. PAT for the quarter came strong at INR12,501mn (+153.1% YoY) driven by high other income (one-off). EPS for the quarter stood at INR14.1. The reported net new deals stood at $...
Buy Tech Mahindra Ltd For Target Rs.1,834 By Choice Broking Ltd
Buy Tech Mahindra Ltd For Target Rs.1,834 By Choice Broking Ltd
Source: Choice Broking Ltd.
2024-11-07 05:02:32 pm
Wipro inches up on entering into strategic partnership with RELEX Solutions Wipro is currently trading at Rs. 564.15, up by 0.10 points or 0.02% from its previous closing of Rs. 564.05 on the BSE. The scrip opened at Rs. 566.95 and has touched a high and low of Rs. 569.70 and Rs. 554.60 respectively. So far 307151 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 580.00 on 19-Jul-2024 and a 52 week low of Rs. 376.90 on 10-Nov-2023. Last one week high and low of the scrip stood at Rs. 569....
Wipro inches up on entering into strategic partnership with RELEX Solutions
Wipro inches up on entering into strategic partnership with RELEX Solutions
Source: Accord Fintech
2024-11-07 02:58:24 pm
Cyient DLM soars on the BSE Cyient DLM is currently trading at Rs. 652.45, up by 8.75 points or 1.36% from its previous closing of Rs. 643.70 on the BSE. The scrip opened at Rs. 650.00 and has touched a high and low of Rs. 657.90 and Rs. 644.05 respectively. So far 14402 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 882.90 on 26-Feb-2024 and a 52 week low of Rs. 580.00 on 05-Jun-2024. Last one week high and low of the scrip stood at Rs....
Cyient DLM soars on the BSE
Cyient DLM soars on the BSE
Source: Accord Fintech
2024-11-07 12:10:43 pm
TCS inks multi-year deal to make Air France-KLM leading data-driven airline Tata Consultancy Services (TCS) on Thursday said it has signed a multi-year deal with Air France-KLM to help it become the leading data-centric airline group in the world.  Over the next three years, TCS will modernise the airline group's data by moving it to cloud, promoting the next generation of data-driven aviation. The shift will help Air France-KLM exit data centres and harness the strength of the cloud, supporting a sustainable and adaptive aviation industry, said the In...
TCS inks multi-year deal to make Air France-KLM leading data-driven airline
TCS inks multi-year deal to make Air France-KLM leading data-driven airline
Source: IANS
2024-11-07 11:46:50 am
Indian industry looks forward to fruitful Trump policies in energy, IT sectors Indian industry experts on Wednesday welcomed Republican candidate Donald Trump’s resounding victory in the US election, saying they look forward to his policies being more fruitful, not only for the US but for the world economy, particularly for India.   According to experts, India-US trade trajectory must expand to the next level with Trump returning at the helm. S. P. Sharma, Chief Economist and Deputy Secretary General at PHDCCI, told IANS that the victory of Trump is ...
Indian industry looks forward to fruitful Trump policies in energy, IT sectors
Indian industry looks forward to fruitful Trump policies in energy, IT sectors
Source: IANS
2024-11-06 05:26:50 pm
Buy Coforge Ltd For Target Rs.10,000 By Motilal Oswal Financial Services Ltd A blazing quarter Growth across the board and a strong start to Cigniti integration * COFORGE reported 2QFY25 organic revenue growth of 6.3% QoQ in USD terms, above our estimate of 4.3%. It reported an organic CC QoQ growth of 5.5% (consol. CC QoQ growth of 26.3%). Consol. revenue stood at USD369.4m (up 26.8% QoQ/32.8% YoY). Organic order intake of USD448m in 2Q with three large deals, resulting in a robust organic 12-month executable order book of USD1,105m (+18% YoY). Organic EBIT margin...
Buy Coforge Ltd For Target Rs.10,000 By Motilal Oswal Financial Services Ltd
Buy Coforge Ltd For Target Rs.10,000 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-11-06 05:23:03 pm
US Elections 2024: Limited Impact Expected on Indian IT and Real Estate Markets as Industry Resilience and Domestic Growth Prevail by Sandeep Trivedi, Director at Address Advisors Below the US Elections 2024: Limited Impact Expected on Indian IT and Real Estate Markets as Industry Resilience and Domestic Growth Prevail by Sandeep Trivedi, Director at Address Advisors   "Historically the US elections used to have major implications on major economies including India, be it political or economic. India being the major player in Global Technology space, and Indian IT/ITeS companies having large dependencies on the US used to get impacted. However majo...
US Elections 2024: Limited Impact Expected on Indian IT and Real Estate Markets as Industry Resilience and Domestic Growth Prevail by Sandeep Trivedi, Director at Address Advisors
US Elections 2024: Limited Impact Expected on Indian IT and Real Estate Markets as Industry Resilience and Domestic Growth Prevail by Sandeep Trivedi, Director at Address Advisors
Source: PR Agency
2024-11-05 06:10:51 pm
Reduce Coforge Ltd For Target Rs.6,750 By Emkay Global Financial Services Strong revenue growth; one-off items led to profit miss Coforge reported strong revenue performance in Q2, whereas margin was a slight miss. Revenue grew 26.8% QoQ to USD369.4mn (26.3% CC; organic CC 5.5%). Adj. EBITDAM fell by 140bps to 16.5%, a slight miss. Revenue growth was broad-based, led by Insurance (8.9% QoQ), Travel (6.2%), Government vertical outside India (6.7%), and BFS (5.2%). Management highlighted that Cigniti’s revenue growth, margins, and synergy benefits progress w...
Reduce Coforge Ltd For Target Rs.6,750 By Emkay Global Financial Services
Reduce Coforge Ltd For Target Rs.6,750 By Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
2024-11-05 05:17:13 pm
Quote on IT Sector Demand Outlook for ERD companies by Sumit Pokharna, VP-Fundamental Research, Kotak Securities Below the Quote on IT Sector Demand Outlook for ERD companies by Sumit Pokharna, VP-Fundamental Research, Kotak Securities   1. How did IT engineering companies perform in Q2?   Pure-play Indian ERD (Engineering Research and Development) service providers reported a reasonable revenue growth, broadly in line with our estimates except TTL (TTL (services) (0.3%)). TTL reported another weak quarter and KPIT leading in revenue growth.   2. What does the demand ...
Quote on IT Sector Demand Outlook for ERD companies by Sumit Pokharna, VP-Fundamental Research, Kotak Securities
Quote on IT Sector Demand Outlook for ERD companies by Sumit Pokharna, VP-Fundamental Research, Kotak Securities
Source: Kotak Securities Ltd
2024-11-05 12:55:49 pm
Nihar Info Global jumps as its arm partners with Eureka Forbes Nihar Info Global is currently trading at Rs. 6.69, up by 0.14 points or 2.14% from its previous closing of Rs. 6.55 on the BSE. The scrip opened at Rs. 6.55 and has touched a high and low of Rs. 6.83 and Rs. 6.23 respectively. So far 2417 shares were traded on the counter. The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 10.78 on 12-Jan-2024 and a 52 week low of Rs. 4.85 on 05-Jun-2024. Last one week high and low of the scrip stood at Rs. 7.11 ...
Nihar Info Global jumps as its arm partners with Eureka Forbes
Nihar Info Global jumps as its arm partners with Eureka Forbes
Source: Accord Fintech
2024-11-05 10:54:08 am
HCL Technologies gains on planning to open new Singapore-based AI/Cloud Native Lab HCL Technologies is currently trading at Rs. 1774.00, up by 16.20 points or 0.92% from its previous closing of Rs. 1757.80 on the BSE. The scrip opened at Rs. 1761.50 and has touched a high and low of Rs. 1781.60 and Rs. 1759.20 respectively. So far 5175 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1886.60 on 21-Oct-2024 and a 52 week low of Rs. 1235.00 on 04-Jun-2024. Last one week high and low of the scrip ...
HCL Technologies gains on planning to open new Singapore-based AI/Cloud Native Lab
HCL Technologies gains on planning to open new Singapore-based AI/Cloud Native Lab
Source: Accord Fintech
2024-11-04 09:39:42 am
Buy Persistent Systems Ltd For Target Rs. 6300 By Motilal Oswal Financial Services Ltd Another strong show Strong growth and commendable profitability management * Persistent Systems (PSYS) reported 2QFY25 revenue of USD345.5m, +5.3% QoQ in USD terms, above our estimate of ~+4.6% QoQ. It reported CC growth of 5.1% QoQ. EBIT margin stood at 14%, above our estimate of 13.6%. EBIT grew 5.8% QoQ/22.8% YoY to INR4.1b. PAT came in at INR3.2b, up 6.1% QoQ/23.4% YoY, in line with our estimate of INR3.2b. For 1HFY25, revenue/EBIT/PAT grew 19.0%/16.7%/16.8% vs. 1HFY24. We expect reve...
Buy Persistent Systems Ltd For Target Rs. 6300 By Motilal Oswal Financial Services Ltd
Buy Persistent Systems Ltd For Target Rs. 6300 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-11-01 11:32:29 am
Stock of the day : HCL Technologies Ltd For Target Rs.420 - Religare Broking Crompton Greaves Consumer Electricals Ltd * CROMPTON opened its session and tested its long-term moving averages, whereas strong bounce was witnessed from the same. * According to technical indicators, price action suggests oversold zones. * Short-tem bounce might pull the price, testing its immediate resistance at 100 EMA. * Traders are recommended to play the momentum and short-term bounce in the mentioned range.   Buy Crompton Greaves Consumer Electricals Lt...
Stock of the day : HCL Technologies Ltd For Target Rs.420 - Religare Broking
Stock of the day : HCL Technologies Ltd For Target Rs.420 - Religare Broking
Source: Religare Broking
2024-10-31 10:37:19 am
Sonata Software shines on partnering with American multinational technology conglomerate Sonata Software is currently trading at Rs. 617.00, up by 12.00 points or 1.98% from its previous closing of Rs. 605.00 on the BSE. The scrip opened at Rs. 605.00 and has touched a high and low of Rs. 626.05 and Rs. 605.00 respectively. So far 11361 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 867.10 on 27-Feb-2024 and a 52 week low of Rs. 469.05 on 04-Jun-2024. Last one week high and low of the scrip stood a...
Sonata Software shines on partnering with American multinational technology conglomerate
Sonata Software shines on partnering with American multinational technology conglomerate
Source: Accord Fintech
2024-10-31 10:16:26 am
Dynacons Systems climbs on securing follow-up contract worth Rs 108 crore from NABARD Dynacons Systems & Solutions is currently trading at Rs. 1278.30, up by 85.60 points or 7.18% from its previous closing of Rs. 1192.70 on the BSE. The scrip opened at Rs. 1198.20 and has touched a high and low of Rs. 1345.55 and Rs. 1198.20 respectively. So far 3428 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1730.00 on 26-Aug-2024 and a 52 week low of Rs. 593.50 on 30-Nov-2023. Last one week high and l...
Dynacons Systems climbs on securing follow-up contract worth Rs 108 crore from NABARD
Dynacons Systems climbs on securing follow-up contract worth Rs 108 crore from NABARD
Source: Accord Fintech
2024-10-30 12:42:41 pm
Buy Allied Digital Services Ltd For Target Rs.288 By Choice Broking Ltd India business, Smart city projects and data center opportunities to see for ADSL reported Q2FY25 consolidated revenues at INR 2,030mn, up 13.3% QoQ and 19.3% YoY. Standalone Revenues for Q2FY25 were higher by ~33% on a YoY basis, driven by disciplined execution of the order book while maintaining consistent EBIDTA and PAT levels. RPAT for the quarter came at INR116mn (+11.4% QoQ and 1.1% YoY) led by high other income. EPS for the quarter stood at INR1.8. Company won INR675mn+ worth orders...
Buy Allied Digital Services Ltd For Target Rs.288 By Choice Broking Ltd
Buy Allied Digital Services Ltd For Target Rs.288 By Choice Broking Ltd
Source: Choice Broking
2024-10-30 10:58:44 am
Stock of the day : Wipro Ltd For Target Rs. 601 - Religare Broking Wipro Ltd * Among the most resilient space, IT, Wipro is in line with a robust positive setup. * Stock is under a channel where it has formed higher-highs and higher-lows formation. * Also, stock is above its medium and long-term moving averages, keeping positive bias intact. * Expect the trend to continue with further buying triggers that could lead stock to channel highs. * Traders are recommended to keep up the positive tone and accumulate in the mentioned range for the ment...
Stock of the day : Wipro Ltd For Target Rs. 601 - Religare Broking
Stock of the day : Wipro Ltd For Target Rs. 601 - Religare Broking
Source: Religare Broking
2024-10-30 10:37:18 am
Cyient soars on acquiring 27.3% stake in Azimuth AI Cyient is currently trading at Rs. 1783.95, up by 25.05 points or 1.42% from its previous closing of Rs. 1758.90 on the BSE. The scrip opened at Rs. 1770.15 and has touched a high and low of Rs. 1809.65 and Rs. 1755.95 respectively. So far 43310 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2457.00 on 22-Dec-2023 and a 52 week low of Rs. 1573.00 on 31-Oct-2023. Last one week high and low of the scrip stood at ...
Cyient soars on acquiring 27.3% stake in Azimuth AI
Cyient soars on acquiring 27.3% stake in Azimuth AI
Source: Accord Fintech
2024-10-29 04:33:08 pm
Diwali Pick 2024 : Buy ITC Ltd For Target Rs. 594 By Religare Broking Ltd Strong growth potential and market leadership ITC Limited is a diversified conglomerate with a presence in multiple portfolios of businesses, including cigarettes, FMCG, hotels, agri-business, and paperboards and packaging. The company holds a dominant position in the Indian cigarette market, contributing significantly to its revenue. ITC has also expanded into various FMCG sectors, offering products like packaged foods, personal care items, and stationery. Investment Rationale Stron...
Diwali Pick 2024 : Buy ITC Ltd For Target Rs. 594 By Religare Broking Ltd
Diwali Pick 2024 : Buy ITC Ltd For Target Rs. 594 By Religare Broking Ltd
Source: Religare Broking Ltd
2024-10-29 11:22:19 am
Tata Technologies moves up on collaborating with Air India Tata Technologies is currently trading at Rs. 1006.05, up by 6.25 points or 0.63% from its previous closing of Rs. 999.80 on the BSE. The scrip opened at Rs. 1000.55 and has touched a high and low of Rs. 1016.85 and Rs. 1000.55 respectively. So far 24038 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 1400.00 on 30-Nov-2023 and a 52 week low of Rs. 970.55 on 05-Aug-2024. Last one week high and low of the scrip s...
Tata Technologies moves up on collaborating with Air India
Tata Technologies moves up on collaborating with Air India
Source: Accord Fintech
2024-10-29 10:26:20 am
Aurionpro Solutions gains on securing major data center projects with leading hyperscale player in India Aurionpro Solutions is currently trading at Rs. 1531.50, up by 14.05 points or 0.93% from its previous closing of Rs. 1517.45 on the BSE. The scrip opened at Rs. 1549.60 and has touched a high and low of Rs. 1558.00 and Rs. 1520.85 respectively. So far 156 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1989.95 on 28-Aug-2024 and a 52 week low of Rs. 753.00 on 31-Oct-2023. Last one week high and low of the scri...
Aurionpro Solutions gains on securing major data center projects with leading hyperscale player in India
Aurionpro Solutions gains on securing major data center projects with leading hyperscale player in India
Source: Accord Fintech
2024-10-29 10:23:46 am
India`s IT services market hits $14.5 bn, digital transformation fuels growth The India IT services market grew 6.1 per cent year-over-year (YoY) to reach $14.5 billion in 2023 despite slower IT investment recovery, according to a new report on Monday.  While IT investments showed a slower recovery compared to the previous year, digital transformation (DX) initiatives and the increasing complexity of IT environments will continue to drive market growth, according to an IDC report. While 2023 saw a slowdown in IT investment, 2024 will be all about growth fuel...
India`s IT services market hits $14.5 bn, digital transformation fuels growth
India`s IT services market hits $14.5 bn, digital transformation fuels growth
Source: IANS
2024-10-28 05:06:21 pm