HCL Tech's market cap first time today touched Rs 5.02 trillion after stock hit a new high of Rs 1,852, gaining 2% on the BSE in Friday's intra-day trade.
Technical charts suggest that heavyweights TCS and Infosys seem to be favourably placed, while Wipro could face some downward pressure. Check key levels here.
Accenture share price: While a strong recovery in discretionary demand may take a few quarters, it is unlikely to worsen further, analysts said after Q4 results
HCL Technologies chairperson Roshni Nadar Malhotra on Friday met Telangana Chief Minister A Revanth Reddy and extended an invitation for the opening ceremony of HCL's new office in HITEC City here. The new facility is set to create an additional 5,000 engineering jobs, further contributing to the growth of the local economy and enhancing employment opportunities in the state, an official release said. "Roshni Nadar Malhotra, chairperson of HCL Technologies visited Chief Minister Revanth Reddy to extend a personal invitation for the opening ceremony of HCL's new office in HITEC City, Hyderabad," it said. The discussions were centered on potential partnerships between HCL GUVI and Telangana's Skill University to enhance training programmes and expand educational resources. The chief minister expressed his gratitude to Roshni Nadar for HCL's continuous support and presence in Telangana. He acknowledged the company's significant contributions towards creating employment opportunities
The Nifty IT index had shed 3% on Wednesday ahead of the US Fed policy decision. Here are the key pivot points to track on top IT stocks with potential upside and downside targets as per charts.
The company's management anticipates double-digit growth for the industry over the next five years, including for HCLTech.
The Nasdaq rose more than 2% on Thursday after July the US retail sales data signalled resilient consumer spending, allaying fears of an imminent recession in the world's largest economy.
We are seeing a noticeable strength in paint stocks and Berger Paints is trading in sync with the move.
Indian company says acquisition will strengthen data and analytics business
Nisaba Godrej, from the renowned Godrej family, is another prominent figure.
India's most valuable family businesses are collectively worth a whopping Rs 6,009, 100 crore, as per anewly released report which has unveiled the country's most influential family-owned enterprises.
Q1 earnings impact: In the last two weeks, the NASDAQ has plunged 7 per cent, while the IT index has rallied 7 per cent. Trading strategies for Infy, TCS, HCL Tech and LTIMindtree here.
Will continue to grow in the US, says C Vijayakumar
IT stocks outlook: TCS can potentially rally another 6 per cent from present levels; while Infosys, Wipro and LTIMindtree can rally up to 15%, suggest charts.
Instituted in 1802 by Napoleon Bonaparte, the Chevalier de la Legion d'Honneur is the highest civilian award given by the French Republic for outstanding service to France
TCS results this week should show revenue growth picked up sequentially in the April-June quarter, consensus estimates show
As per the data available with the NSE, Fidelity Investment sold a total of 12,414,228 shares or 0.46 per cent stake in HCL Technologies
Technical charts suggest that Infosys can potentially rally up to 10% from present levels; while TCS and HCL Technologies still look weak.
The company says that the solutions will effectively enable business leaders to focus on real-world outcomes and help development teams to build next-gen AI-powered applications with ease
IT services company HCL Technologies (HCLTech) on Monday announced the launch of Enterprise AI Foundry and said it will simplify and scale enterprise AI journeys across business value chains. An HCLTech release said that the integrated suite of assets combines data engineering and Artificial Intelligence (AI) with cognitive infrastructure to accelerate Generative AI (GenAI)-led transformation across business value chains. "HCLTech announced the launch of HCLTech Enterprise AI Foundry to simplify and scale enterprise AI journeys," the release said. HCLTech Enterprise AI Foundry is tuned for Amazon Web Services (AWS), Microsoft Azure and Google Cloud Platform (GCP), and designed to scale for on-premises infrastructure. "It removes the complexity of industrial-scale AI foundation models, data silos and overload of tools and frameworks, empowering IT leaders to establish seamless integration across IT and data assets," the release further said. It effectively enables business leaders