GIFT Nifty down 40 points; here\’s the trading setup for today\’s session
Foreign portfolio investors turn net buyers at Rs 2,778 crore on Wednesday after two days of selling. DIIs, meanwhile, bought shares worth Rs 163 crore.
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Foreign portfolio investors turn net buyers at Rs 2,778 crore on Wednesday after two days of selling. DIIs, meanwhile, bought shares worth Rs 163 crore.
The shares of Bharti Hexacom will debut on the exchanges on Friday. Based on the GMP trends, the stock is expected to see a healthy listing of around 12-15%.
Siddhartha Khemka discusses the preference for private sector banks over PSU banks and anticipates chemical sector recovery, and expects weak annual growth in the IT sector due to uncertain macroeconomic outlook. Khemka says: \”Demand improvement in the IT sector has been factored in only towards the later half of FY25\”
The shares of Bharti Hexacom will debut on the exchanges on Friday. Based on the GMP trends, the stock is expected to see a healthy listing of around 12-15%.
Foreign portfolio investors turn net buyers at Rs 2,778 crore on Wednesday after two days of selling. DIIs, meanwhile, bought shares worth Rs 163 crore.
TCS Q4 Results Preview: TCS to release earnings for March with slight improvement expected. Analysts monitor core earnings, profitability, deal wins, and management outlook for FY25 closely after challenging quarters.
IT companies anticipate modest growth in the upcoming quarter with a keen eye on FY25 guidance. TCS will lead the earnings season, while midcap companies are expected to outperform largecaps. Strong deal flows and margin expansion anticipated.
TCS and Infosys are set for Q4 IT battle with muted industry performance expected. TCS eyes strong growth, while Infosys anticipates recovery in FY25. Margins favor TCS. Market outlook cautious amidst global uncertainty.
TCS anticipates sequential revenue growth in Q4 earnings amidst deal wins and focus on FY25 outlook. BFSI recovery, Europe market, and mega deals play crucial roles in driving growth.
Coforge topped the list, the stock price gained 3.91% and open interest saw an increase of 10.43%. TCS stock price gained 3.9% and open interest saw an increase of 3.67%.
TCS Q2 Preview: Tata Consultancy Services (TCS) is expected to report modest growth in its second-quarter earnings, with a 1.4% sequential increase in consolidated revenue and a 3% sequential rise in net profit. Analysts anticipate deal momentum for TCS to continue, despite a slowdown in discretionary spending on IT services. The company is also set to consider a share buyback plan, which has already boosted its stock price. Investors will be closely monitoring TCS\’s outlook for key business verticals, margin trajectory, and capital allocation policy.
Tata Consultancy Services (TCS) shares surged 4% to an all-time high of Rs 4,135.9 on BSE as it won a multi-year deal from Europ Assistance. The deal involves TCS helping Europ Assistance reimagine its global IT operating model. The partnership will focus on co-innovation using generative AI and other advanced technologies. TCS will leverage its proprietary solution, ignio AIOps, to enhance operational resilience and business agility for Europ Assistance. The company\’s market cap also crossed Rs 15 lakh crore for the first time in today\’s trade.
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