Nifty earnings growth estimate for FY26 looks tough: Kotak MF's Nilesh Shah
1 month, 1 week ago

Nifty earnings growth estimate for FY26 looks tough: Kotak MF's Nilesh Shah

Live Mint  

Higher government spending, and wedding and festival season uptick in sales could enable Nifty to notch the Street estimated earnings of ₹1,059 per share in the current fiscal. The real worry is the FY26 Nifty 50 EPS estimate of ~ ₹1,200-1,250, an 18% growth over that in FY24, which looks tough, given an estimated 5% earnings growth in the current fiscal, believes Nilesh Shah, managing director of Kotak Mahindra Asset Management Co.. He still feels, though, unlike in China, in India the earnings growth has compounded at a much higher clip in the past decade and that foreign investors will have room for both the economic giants in their portfolios. On Trump as president, he feels India should convince the US about replicating benefits of sourcing quality generic medicines from India at affordable cost across other industries, by partnering with us.

India Growth China Investment Trump Earnings Nifty Investors President Trump Private Ipo Capex Eps Csi Estimate H2Fy25 Private Capex Sip Flows  india  50  fy26  investors  capex  growth  eps  shah  nifty  nilesh  looks  private  kotak  estimate  earnings  tough  investment  mfs

History of this topic

Expert view: Tone down return expectations from Indian stock market, says Premchandani of UTI AMC
11 hours, 10 minutes ago

Expert view: Tone down return expectations from Indian stock market, says Premchandani of UTI AMC

Live Mint  

Expert view: Amit Premchandani, Senior Vice President and Fund Manager – Equity at UTI AMC, believes valuation remains in above-average zone for large caps while mid and small cap are expensive. This year's key trends have been a sharp improvement in the earning profile of capital market players, driven by broader participation leading to significant volume growth for exchanges, pick …

Stock Market Outlook 2025: Nifty At 27K Or 28K By Year-End? Insights From Market Experts
Trending News
3 days, 11 hours ago

Stock Market Outlook 2025: Nifty At 27K Or 28K By Year-End? Insights From Market Experts

ABP News  

The Indian equity markets have shown resilience throughout most of 2024, overcoming various challenges such as persistent inflation, the weaker-than-expected second quarter of financial year 2025 earnings, the outcomes of the general elections, FII outflows, and geopolitical uncertainty. Sharing his take, Sarvjeet Singh Virk, Co-founder and MD of Shoonya by Finvasia, told ABP Live, “Despite facing selling pressure towards the …

Nifty 50 net profits expected to grow by 16.3 per cent in FY26: Kotak Securities
1 week, 5 days ago

Nifty 50 net profits expected to grow by 16.3 per cent in FY26: Kotak Securities

Live Mint  

Mumbai, December 11 : The net profits of the Nifty 50 index are projected to grow by 16.3 per cent in FY26, according to a report by Kotak Securities. The report outlined a steady growth trajectory for the index, following a decent 20.3 per cent earnings growth in FY24. It said "Post-decent 20.3 per cent earnings growth in FY24, we …

Mutual funds betting on these three capital-efficient infra stocks. What to know
2 weeks, 3 days ago

Mutual funds betting on these three capital-efficient infra stocks. What to know

Live Mint  

While it might seem logical to follow the well-known infrastructure giants, institutional investors have been quietly accumulating shares in three midcap companies that stand out for one critical metric: high return on capital employed. This confidence could be linked to Ceigall’s robust order book, which stood at over ₹12,000 crore as of September, according to its latest investor presentation. More …

Expert Speak: Expect earnings growth at 16%-18% in FY26, stay invested, suggests Gopinath Natarajan of Geojit
2 weeks, 4 days ago

Expert Speak: Expect earnings growth at 16%-18% in FY26, stay invested, suggests Gopinath Natarajan of Geojit

Live Mint  

Expert Speak: In a recent conversation with Mint, Gopinath Natarajan, CEO Asset Management at Geojit Financial Services, discussed the challenges of predicting when foreign portfolio investors will resume buying. He noted that with India's increasing share in emerging market indices and the recent correction making Indian markets more attractive, he believes India will continue to be a key focus for …

Traders may buy dip at lower opening
3 weeks ago

Traders may buy dip at lower opening

Live Mint  

Stock markets could open gap down on Monday in response to the lower-than-expected gross domestic product reading for the second quarter, but the dip could be purchased as the growth slowdown is likely to be seen as a one-off and spur dovish commentary on rates from Reserve Bank of India, according to market analysts. "There could be a knee-jerk reaction …

Manjeera Constructions Q1 results 2024 on 30 Nov, 2024: profit at ₹6.94Cr, Revenue increased by 48.75% YoY
3 weeks, 2 days ago

Manjeera Constructions Q1 results 2024 on 30 Nov, 2024: profit at ₹6.94Cr, Revenue increased by 48.75% YoY

Live Mint  

Manjeera Constructions Q1 Results 2024:Manjeera Constructions declared their Q1 results on 29 Nov, 2024, revealing a significant turnaround from the previous fiscal year. Manjeera Constructions Q1 Results Earnings per share for the first quarter stood at ₹5.55, reflecting a substantial increase of 153.78% year-on-year. Despite this positive performance, Manjeera Constructions has faced challenges in the stock market, delivering a 0% …

Weakest 5 pc corporate earnings in last five years forecast for FY25 by Motilal Oswal
3 weeks, 3 days ago

Weakest 5 pc corporate earnings in last five years forecast for FY25 by Motilal Oswal

Live Mint  

New Delhi, November 29 : Nifty earnings are expected to witness a modest growth of 5 per cent in FY25, marking the first year of single-digit growth in the past five years, according to a report by Motilal Oswal. "Since August 2024, we have reduced our FY25 estimates for Nifty EPS by 5 per cent, and we now expect a …

FII selling crosses ₹2 trillion in FY25, may cross FY22 record
3 weeks, 5 days ago

FII selling crosses ₹2 trillion in FY25, may cross FY22 record

Live Mint  

Investors exiting India have net-sold over ₹2 trillion worth of shares this fiscal, setting the stage for what could be the worst year for foreign portfolio outflows on NSE's secondary market. As US bond yields rose and quarterly earnings disappointed amid lofty valuations, foreign institutional investors net-sold a record ₹1.17 trillion in the secondary market in NSE's cash segment in …

Street takes cheer from poll results, but will the gains sustain?
4 weeks ago

Street takes cheer from poll results, but will the gains sustain?

Live Mint  

Benchmark indices extended Friday's gains to Monday, with the Nifty clocking the biggest two-day rise since early June. Foreign institutional investors net purchased Indian equities worth ₹9,948 crore, while domestic institutions net sold shares worth ₹6,908 crore. According to Nuvama Institutional Equities, India may witness about $2.5 billion net passive FII flows thanks to the MSCI rejig, including $1.9 billion …

Indian stocks to stay flattish for 3 months as earnings, valuations weigh, says Goldman
1 month ago

Indian stocks to stay flattish for 3 months as earnings, valuations weigh, says Goldman

Live Mint  

Nov 21 - Indian equities are likely to remain rangebound over the next three months, following their recent slide into correction territory after the worst earnings season in four years and nursing still-high valuations, Goldman Sachs said. The Wall Street brokerage, which remains tactically "marketweight" on Indian equities, expects the benchmark Nifty 50 to hit 24,000 points in the next …

Expert view: Consolidation to continue; expect a 16% earnings growth over FY25-27, says Sneha Poddar of Motilal Oswal
1 month ago

Expert view: Consolidation to continue; expect a 16% earnings growth over FY25-27, says Sneha Poddar of Motilal Oswal

Live Mint  

Expert view: Sneha Poddar, VP of research and wealth management at Motilal Oswal Financial Services, expects the Indian stock market to consolidate in a broader range with sector rotation and intermittent volatility. Nifty 50 clocked 11 per cent earnings growth, excluding metals and oil and gas. Overall, Nifty EPS has seen a nearly 7 per cent downward revision in the …

India's GDP growth likely to slip at 6.5 per cent, maintains 7 per cent estimate for FY25: ICRA
1 month ago

India's GDP growth likely to slip at 6.5 per cent, maintains 7 per cent estimate for FY25: ICRA

New Indian Express  

MUMBAI: Domestic rating agency ICRA on Wednesday said India's real GDP growth for the September quarter is likely to decline to 6.5 per cent due to heavy rains and weaker corporate performance. The agency, however, maintained its FY25 growth estimate at 7 per cent on expectations of a pick up in economic activity in the second half of the fiscal. …

These companies post over 45% YoY rise in Q2 profits even as downgrades increase
1 month ago

These companies post over 45% YoY rise in Q2 profits even as downgrades increase

Live Mint  

In its latest earnings review, Motilal Oswal Financial Services observed that earnings performance for the MOFSL Universe was in line with expectations, showing a 1 per cent year-on-year decline. Hindalco: Aditya Birla Group’s Hindalco Industries Ltd reported an impressive 123.3 per cent YoY increase in net profit, reaching ₹1,891 crore for Q2 FY25, driven by robust operational performance in its …

Mukul Agrawal portfolio: Multibagger stock PTC Industries jumps 4% as Q2 profit surges over 100%
1 month ago

Mukul Agrawal portfolio: Multibagger stock PTC Industries jumps 4% as Q2 profit surges over 100%

Live Mint  

Mukul Agrawal Portfolio: Shares of PTC Industries, an engineering component manufacturer, surged 4.3% to ₹11,550 in intraday trade on Monday, November 18, after the company reported a strong set of numbers for the September-ending quarter. The net profit stood at ₹17.31 crore in Q2 FY25, compared to ₹8.14 crore in Q2 FY24, a robust growth of 112.7% YoY. Mukul Agrawal's …

Investors lose nearly ₹50 trillion in 7 weeks
1 month ago

Investors lose nearly ₹50 trillion in 7 weeks

Live Mint  

Stock market investors have seen their wealth erode by close to ₹50 trillion in the past seven weeks amid a flurry of primary market issuances and foreign institutional investor selling fuelled by India Inc's tepid earnings growth and rising bond yields in the US. Indeed, China's CSI 300 index gained 8% over the past seven weeks to 4,039.62 Thursday, against …

Shares to buy or sell: Ruchit Jain of 5paisa recommends M&M, Bata India Futures today
1 month, 2 weeks ago

Shares to buy or sell: Ruchit Jain of 5paisa recommends M&M, Bata India Futures today

Live Mint  

Stock market today: The domestic benchmark indices, Nifty 50 and Sensex, opened flat on Tuesday as investors remained cautious in light of the upcoming US presidential elections, dull earnings, and ongoing foreign outflows affecting market sentiment. Market Review and Outlook - Ruchit Jain, Lead Research Analyst at 5paisa Nifty 50 started the day above 24,300 mark but witnessed selling pressure …

NSE Q2 Results: Net profit rises 57% to ₹3,137 crore, total income up 25% YoY
1 month, 2 weeks ago

NSE Q2 Results: Net profit rises 57% to ₹3,137 crore, total income up 25% YoY

Live Mint  

New Delhi, Nov 4 The National Stock Exchange on Monday reported a 57 per cent year-on-year surge in consolidated net profit to ₹3,137 crore for the September quarter. The exchange posted a total income of ₹5,023 crore during the July-September period of the current financial year, up 25 per cent on a year-on-year basis. For the half-year ended September 30, …

Indian Bank Maintains FY25 Guidance, Sets Credit Growth Target of 11-13%
1 month, 3 weeks ago

Indian Bank Maintains FY25 Guidance, Sets Credit Growth Target of 11-13%

The Hindu  

Indian Bank MD & CEO Shanti Lal Jain confirms that the bank's FY25 guidance remains unchanged. He highlights the bank's strong financial performance, including 8% deposits growth, 12% growth in advances, and 9.5% recovery rate. Jain also assures that the bank's asset quality is under control, with gross NPAs declining to 3.48% and net NPAs contracting to 0.27%. He also …

Stocks to Watch: Strong Performance in the Banking and Real Estate Sectors
2 months ago

Stocks to Watch: Strong Performance in the Banking and Real Estate Sectors

Live Mint  

The news article focuses on several Indian stocks, highlighting positive financial performances and potential gains. While some companies like Bajaj Housing Finance, Cyient DLM, and Union Bank of India saw significant increases in their net profits, others like Mahindra Logistics and Aurum PropTech reported net losses. Ola Electric's IPO is expected to be a major highlight in the Indian stock …

HDFC Bank to Announce Q2 FY25 Financial Results on October 19, Check Details
3 months, 1 week ago

HDFC Bank to Announce Q2 FY25 Financial Results on October 19, Check Details

News 18  

HDFC Bank, India’s largest private sector lender, on Monday said it will announce its second-quarter results for the current financial year 2024-25 on October 19. In a BSE filing, the company said its board of directors will meet on October 19, 2024, “to inter-alia consider and approve the un-audited standalone and consolidated financial results for the quarter/half-year ending September 30, …

F&O Strategy: Buy Axis Bank, Oberoi Realty, and Sell BPCL, recommends Rupak De as Indian stock market hits record high
3 months, 1 week ago

F&O Strategy: Buy Axis Bank, Oberoi Realty, and Sell BPCL, recommends Rupak De as Indian stock market hits record high

Live Mint  

Stock market today: On Monday, the domestic benchmark indices, Sensex and Nifty 50, reached all-time highs driven by the strength in the metals sector due to a declining dollar. Open Interest Analysis: PUT writers added significant positions at 25,200 strikes shows the initial support level; while significant CALL writing was visible at 25,500 indicating strong resistance for the short term …

ICICI Bank Q1 net profit grows 14.6% to ₹11,059 crore
4 months, 3 weeks ago

ICICI Bank Q1 net profit grows 14.6% to ₹11,059 crore

The Hindu  

ICICI Bank Ltd. reported Q1 FY25 net profit grew 14.6% year-on-year to ₹11,059 crorebeating estimates led by treasury gains and other income. Net interest income of the private sector bank for June quarter rose 7.3% YoY to ₹19,553 crore, the bank said in a filing. “We are comfortable with the asset quality andour strategy is to grow in a risk …

Federal Bank Q1 net profit grows 18.25% to ₹1,010 crore
4 months, 4 weeks ago

Federal Bank Q1 net profit grows 18.25% to ₹1,010 crore

The Hindu  

Federal Bank Ltd. reported Q1 FY25 net profit rose 18.3% year-on-year to ₹1,009.53 crore. Net advances rose to ₹2,20,806.41 crore, from ₹1,83,487.41 crore in the year-earlier period. Gross NPA at the end of Q1 FY25 was ₹4738.35 crore, which as a percentage to Gross Advances was 2.11%, while net NPA and as a percentage to net advances was ₹1330.44 crore …

Looking for high-growth stocks? Here are the 5 companies to track
5 months, 1 week ago

Looking for high-growth stocks? Here are the 5 companies to track

Live Mint  

The simple things are often overlooked, no matter the field. The company’s management aims to achieve ₹32 billion in organic sales by FY26, supplemented by approximately ₹4 billion from inorganic acquisitions, targeting an overall growth rate of 21% over the years. From 2020 to 2024, sales increased at a compounded annual growth rate of 23%, and net profits rose by …

Anand Rathi Wealth Q1 Results: Net profit rises 38% to ₹73 crore, revenue up 35% YoY; AUM at ₹69,018 crore
5 months, 1 week ago

Anand Rathi Wealth Q1 Results: Net profit rises 38% to ₹73 crore, revenue up 35% YoY; AUM at ₹69,018 crore

Live Mint  

Anand Rathi Wealth Q1 Results: Anand Rathi Wealth announced its April-June quarter results for fiscal 2024-25 on Thursday, July 11, reporting a rise of 38 per cent in consolidated net profit at ₹73 crore, compared to ₹54 crore in the corresponding period last year. Anand Rathi Wealth Q1 Results: Key Metrics The share of equity MF in AUM increased to …

Corporate India saw 3.7 pc revenue growth in FY24: ICRA
6 months ago

Corporate India saw 3.7 pc revenue growth in FY24: ICRA

Deccan Chronicle  

Chennai: Corporate India reported 3.7 per cent revenue growth in FY24. The softening of input costs helped 17.4 per cent growth in earnings. This softening of input costs along with operating leverage benefits helped the companies see an expansion in operating profit margin by 92 bps to 17.2 per cent in Q4 FY2024. However, the OPM growth of 17.4 per …

ICRA sees Q4 GDP growth at 6.7 pc
7 months ago

ICRA sees Q4 GDP growth at 6.7 pc

Deccan Chronicle  

Chennai: The GDP growth for the March quarter of FY24 is estimated to moderate to 6.7 per cent, finds ICRA. For the full-year FY2024, ICRA expects the GDP and GVA growth to print at 7.8 per cent and 7 per cent, unless the growth for 9M FY2024 is revised. For Q4, the industrial GVA might ease from 10.4 per cent …

Tech Mahindra's 3-year roadmap: CEO says FY25 will be turnaround phase
7 months, 4 weeks ago

Tech Mahindra's 3-year roadmap: CEO says FY25 will be turnaround phase

New Indian Express  

BENGALURU: Financial Year 2025 will be a 'turnaround phase' for Tech Mahindra as CEO and MD Mohit Joshi on Thursday at a post-earnings analyst call laid down a three-year roadmap and said FY26 will be 'stabilisation phase' and FY27 will be ‘Reaping returns’. Joshi, who was earlier with Infosys, joined Tech Mahindra last year, and addressing a media conference here …

‘Improve consumption, reduce income inequality for sustainable growth’
8 months, 3 weeks ago

‘Improve consumption, reduce income inequality for sustainable growth’

Live Mint  

New Delhi: India's GDP is projected to grow at over 7% during the next fiscal year, driven by the government's capital expenditure push and the robust growth witnessed across various macroeconomic indicators. But improving consumption, especially in rural areas, and addressing the pervasive income inequality remain significant challenges for the world’s fastest-growing major economy, said panellists at the Mint India …

Esab India Q3 FY24 Results Live: Profit Rises by 4.52% YoY
10 months, 2 weeks ago

Esab India Q3 FY24 Results Live: Profit Rises by 4.52% YoY

Live Mint  

Esab India, a leading company in the welding and cutting equipment industry, has declared their Q3 FY24 results on 08 Feb, 2024. The topline of Esab India witnessed a growth of 12.74% YoY, indicating a strong performance in the market. Esab India's selling, general & administrative expenses rose by 15.22% q-o-q and increased by 28.71% Y-o-Y. Esab India Financials Period …

Yes Bank Q3 net profit surges to Rs 231 crore, NII soars to Rs 2,017 crore
10 months, 3 weeks ago

Yes Bank Q3 net profit surges to Rs 231 crore, NII soars to Rs 2,017 crore

India TV News  

Yes Bank reported a net profit of Rs 231 crore for the October-December quarter of 2023-24, 349.70 per cent higher Rs 52 crore figure in the same period the previous year, which was significantly impacted by provisions made for the transfer of sour loans to an asset reconstruction company. In the preceding September quarter, Yes Bank's net profit stood at …

TVS Motor enters ₹1 lakh crore market cap club as shares hit fresh record high
11 months, 1 week ago

TVS Motor enters ₹1 lakh crore market cap club as shares hit fresh record high

Live Mint  

Marking a significant milestone, TVS Motor, one of the country's leading two-wheeler makers, surpassed the ₹one lakh crore market capitalisation in today's trade as its shares hit a new peak of ₹2,108.95 apiece. The monthly sales figures for December 2023 reached an impressive 301,898 units, marking a 25% growth compared to the 242,012 units recorded in December 2022. The overall …

Q3 results: Top 4 Indian IT companies balance caution and optimism
11 months, 1 week ago

Q3 results: Top 4 Indian IT companies balance caution and optimism

Business Standard  

The third-quarter earnings of the top four Indian IT companies indicate that the demand environment continues to be challenging amid some cautious optimism for the future. Thierry Delaporte, chief executive officer and managing director, Wipro, said during the earnings: “We are starting to see healthy indicators of growth.” Wipro has forecast a muted sequential revenue growth rate of minus 1.5 …

SBI Cards, NMDC and more: ICICIdirect lists 7 stock picks for 2024
11 months, 3 weeks ago

SBI Cards, NMDC and more: ICICIdirect lists 7 stock picks for 2024

Live Mint  

Domestic equity benchmarks Sensex and Nifty 50 ended flat on the first trading of the new year 2024 while the second rung midcap and smallcap indices clocked healthy gains. 5.Greenply Industries--Target Price: ₹ 295 The company expects 8-10 per cent plywood volume growth in FY24. 6.Birla Corporation--Target Price: ₹ 1,755 On the account of new capacity addition, company’s volume growth …

Bajaj Finance Q2 FY24 results: profit rise by 27.7% YOY
1 year, 2 months ago

Bajaj Finance Q2 FY24 results: profit rise by 27.7% YOY

Live Mint  

Bajaj Finance, the leading financial services company, has declared their Q2 FY24 results on 17 Oct, 2023. In addition, when compared to the previous quarter, Bajaj Finance reported a growth of 7.04% in revenue and 3.31% in profit. In terms of stock performance, Bajaj Finance has delivered a return of 0.12% in the last 1 week, 36.81% in the last …

Q1 Results Review: Earnings growth continues even as revenue slows
1 year, 4 months ago

Q1 Results Review: Earnings growth continues even as revenue slows

Live Mint  

Q1 Results Review: The corporate earnings for the first quarter of FY24 were strong and largely in-line with the street estimates with domestic cyclical sectors such as companies in BFSI and Automobile sectors driving the earnings growth. Among sectors, IT Services companies reported weak performance during the quarter with flattish median revenue growth QoQ in CC, in an otherwise seasonally …

Nifty EPS outlook for FY24 raised by 2.5% on strong Q1 results: Motilal Oswal
1 year, 4 months ago

Nifty EPS outlook for FY24 raised by 2.5% on strong Q1 results: Motilal Oswal

Live Mint  

India Inc. has begun the financial year 2023-2024 on a strong footing with robust Q1 results. Domestic brokerage firm Motilal Oswal Financial Services raised its FY24 earnings estimates from Nifty50 stocks by 2.5% to ₹988 on the back of robust Q1 results by corporates that could support overall bullish economic outlook for India. Nifty posted a beat with EBITDA and …

MRF stock hits new high on solid Q1, but there is caution ahead
1 year, 4 months ago

MRF stock hits new high on solid Q1, but there is caution ahead

Live Mint  

The MRF Ltd stock is on a roll. Maintaining the tempo, the MRF stock hit a new 52-week high of ₹1,11,775.95 apiece on Friday as investors gave a thumbs up to the June quarter performance beat on key metrics. “Post couple of quarters of underperformance, MRF Q1FY24 results came in significantly above street with revenue/Ebitda/adjusted profit after tax beat of …

IndusInd Bank Q1FY24 net profit may rise 33% YoY amid healthy loan growth
1 year, 5 months ago

IndusInd Bank Q1FY24 net profit may rise 33% YoY amid healthy loan growth

Live Mint  

IndusInd Bank is set to announce its earnings for the first quarter of FY2024 on Tuesday. The private sector lender is expected to see stable margins and healthy loan growth during the June quarter. “Deposit growth was 15% YoY, broadly steady vs. last quarter and remains higher than system deposit growth of 12% YoY as of mid-June. Analysts at brokerage …

A dull show: Expectations from PVR Inox's Q1FY24 result run low
1 year, 5 months ago

A dull show: Expectations from PVR Inox's Q1FY24 result run low

Live Mint  

In a gloomy forecast for investors, Q1FY24 earnings of PVR Inox are expected to disappoint due to continued weak performance of Bollywood movies. According to a report by Prabhudas Lilladher, national box office revenues for Bollywood productions, including Hindi-dubbed films, saw a 20% sequential decline in Q1FY24 and a 28% year-on-year drop. “We expect ATP and SPH to improve year-on-year …

Mahindra and Mahindra share price jumps 5% after Q4 numbers; should you buy?
1 year, 6 months ago

Mahindra and Mahindra share price jumps 5% after Q4 numbers; should you buy?

Live Mint  

Mahindra and Mahindra share price rose over 5 per cent in early deals on Monday boosted by the company's healthy March quarter earnings. It also maintained a buy call on the stock with a target price of ₹1,470, slightly raising it from the earlier target price of ₹1,430, building in revenue and core earnings CAGR of 12 per cent and …

Mphasis share price trades higher after Q4; should you buy this stock?
1 year, 7 months ago

Mphasis share price trades higher after Q4; should you buy this stock?

Live Mint  

Mphasis' share price climbed over 3 per cent in morning trade on BSE on Tuesday and looked on course to extend their winning run into the third consecutive session even though most brokerage firms do not see a significant upside in the stock after the IT player's March quarter numbers. Brokerage firm Nirmal Bang has cut Mphasis' earnings per share …

Mphasis Q4 results disappoint; analysts doubt FY24 revenue revival
1 year, 7 months ago

Mphasis Q4 results disappoint; analysts doubt FY24 revenue revival

Live Mint  

The market was not expecting fireworks from the March quarter results of Mphasis Ltd. “With limited visibility in a turnaround in the US interest rate cycle, we remain cautious on FY24 revenue growth and factor in flat year-on-year USD CC revenue growth, the weakest in our IT services coverage," said analysts at Motilal Oswal Financial Services Ltd. Little wonder then …

Infosys Shares Near 52-Week Low, Plummets 12% in a Month; What Do Analysts Say?
1 year, 9 months ago

Infosys Shares Near 52-Week Low, Plummets 12% in a Month; What Do Analysts Say?

News 18  

Shares of Infosys were down as much as 1.3 per cent on Thursday. The stock is down in 12 of the last 13 sessions and is just 1.5 per cent away from its 52-week low of Rs 1,355.50, which it fell to in September last year. In the past one month, Infosys has underperformed the market by falling 12 per …

Zerodha FY22 profit jumps 87% to ₹2,094 cr; revenue at ₹4,964 cr
1 year, 11 months ago

Zerodha FY22 profit jumps 87% to ₹2,094 cr; revenue at ₹4,964 cr

Live Mint  

India’s largest stock broking platform, the Bengaluru-based unicorn Zerodha posted a profit of ₹2,094.4 crore for the financial year 2022, at a time when most Indian startups are struggling to reach profitability. Co-founder Nikhil Kamath also said in an earlier interaction with VCCircle that investors across the board must be “circumspect” with their trades in the current market. The note …

Contrasting Q2 stories of two tech giants of India
2 years, 2 months ago

Contrasting Q2 stories of two tech giants of India

Live Mint  

Information technology services provider Wipro Ltd’s stock closed 7% lower on Thursday. View Full Image Fall behind Small Indian cinemas take on big Hollywood studios Premium trumps regular in demand for consumer durables How to transfer shares from a demat account to another “Wipro’s turnaround story is faltering," said analysts at Ambit Capital Pvt. Third, “Overall Ebit margin has fallen …

TCS Q1 results to set stage for IT earnings
2 years, 5 months ago

TCS Q1 results to set stage for IT earnings

Business Standard  

Fears of a global recession, especially in the US and Europe, are mounting by the day. IT major TCS, for instance, may report modest revenue growth later today, led by seasonal strength and robust digital transformation projects. Omkar Tanksale, Senior Research Analyst, Axis Securities says TCS to report 3.4% sequential revenue growth in rupee terms. Besides, they believe quarterly revenue …

Indian IT Sector To Grow 15.5% To $227 Bn In FY22, Fastest In A Decade: Nasscom
2 years, 10 months ago

Indian IT Sector To Grow 15.5% To $227 Bn In FY22, Fastest In A Decade: Nasscom

ABP News  

Mumbai: India's IT sector is set to grow at 15.5 per cent – the fastest in over a decade – to $227 billion in FY22, as the pandemic pushes up demand for digitisation at companies across the world, industry grouping Nasscom said on Tuesday. From a revenue pie perspective, exports are set to grow 17.2 per cent to $178 billion …

Discover Related