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What next for stocks of IT firms
Page 11 - Latest Updates on What next for stocks of IT firms
Sensex up 996 pts, Nifty near 24,600 intraday: Why markets rose on Friday?
Why are stock markets rising: A large part of Friday's rally in Sensex, Nifty50 indices was led by information technology (IT) stocks
 "Sensex up 996 pts, Nifty near 24,600 intraday: Why markets rose on Friday?")
Cyient to set-up subsidiary for semiconductor business; stock rallies 7%
The uptick in stock price came after the company announced the strategic expansion of its semiconductor business with the establishment of a fully owned subsidiary
 "Cyient to set-up subsidiary for semiconductor business; stock rallies 7%")
How to trade TCS post Q1 results? Key levels to track on Infy, HCLT, Wipro
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.
 "How to trade TCS post Q1 results? Key levels to track on Infy, HCLT, Wipro")
IT stocks gain post TCS decent Q1 results; Mphasis, Sonata rally up to 6%
IT stocks today: TCS, Mphasis, Accelya Solutions India, Sonata Software, and Kellton Tech Solutions rose in the range of 3 per cent to 6 per cent
 "IT stocks gain post TCS decent Q1 results; Mphasis, Sonata rally up to 6%")
TCS Q1 Preview: Margin pressure to weigh; net profit may rise 6-9%
Tata Consultancy Services (TCS) is expected to register a single-digit growth in revenue and profit for the April-June quarter of fiscal year 2024-25 (Q1FY25)
 "TCS Q1 Preview: Margin pressure to weigh; net profit may rise 6-9%")
Nomura has high hopes from Infosys, Coforge ahead of Q1FY25 results
Given the bottoming out of revenue growth rate, analysts expect the earnings per share (EPS) downgrade cycle to come to an end for the sector
 "Nomura has high hopes from Infosys, Coforge ahead of Q1FY25 results")
Nifty IT index jumps 2%; Tech Mahindra, Persistent trade at 52-week highs
The Nifty IT index has outperformed surging 14% in the last one month owing to the recent portfolio shift after the election outcome, and hope for a better calendar year 2025.
 "Nifty IT index jumps 2%; Tech Mahindra, Persistent trade at 52-week highs")
Accenture Q3 results: Demand slowdown in Indian IT bottoming, say analysts
What Accenture results mean for Indian IT: Analysts believe FY25 Street estimates for Indian IT companies have been adequately rationalised, implying little downgrade risk from current levels
 "Accenture Q3 results: Demand slowdown in Indian IT bottoming, say analysts")
IT index records sharpest intraday rally in over 4 months; up 9% in 3 days
Infosys, Wipro, Coforge, Persistent Systems, Mphasis and LTIMindtree rallied up to 6% on the NSE
RBI's GDP projections, gains in IT stocks help Indian shares trade higher
The NSE Nifty 50 index was up 1% at 23,060 points and the S&P BSE Sensex added 1.2% to 75,941 points after the rate decision
 "RBI's GDP projections, gains in IT stocks help Indian shares trade higher")
Wipro share zooms 5% on inking $500 million deal, top gainer on BSE, NSE
The share was also the top gainer on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)
 "Wipro share zooms 5% on inking $500 million deal, top gainer on BSE, NSE")
Nvidia impact: Mastek stock zooms 15% on heavy volumes, up 32% in 3 days
The company informed the stock exchange that it has advanced its icxPro platform with NVIDIA AI Enterprise to boost customer experience (CX) solutions powered by AI.
 "Nvidia impact: Mastek stock zooms 15% on heavy volumes, up 32% in 3 days")
Global investors' preference for AI hits India IT stocks' heft as tech bets
Traditional software companies' earnings and valuations are at risk because their business models are not evolving with the times, said Deven Choksey, managing director of DRChoksey FinServ Pvt
 "Global investors' preference for AI hits India IT stocks' heft as tech bets")
Soft US inflation data pushes markets higher; Sensex gains 677 points
Indices post biggest gains in two weeks
 "Soft US inflation data pushes markets higher; Sensex gains 677 points")
Intellect Design Arena stock tanks 16% on heavy volume post Q4 results
Intellect Design Arena stock update: The company has indicated a revenue growth of 15 per cent for FY25, adjusted for GeM exit.
 "Intellect Design Arena stock tanks 16% on heavy volume post Q4 results")
Lok Sabha elections outcome: This sector has gained every time since 2004
Unlike other general election years, analysts expect the Nifty IT index to underperform the markets in the near-term amid muted demand environment and client caution around discretionary spends
 "Lok Sabha elections outcome: This sector has gained every time since 2004")
Infosys Q4 results: Net profit jumps 30% to Rs 7,969 crore, revenue up 1.3%
Shares of Infosys on Thursday closed at Rs 1,420.55 apiece on BSE ahead of its Q4FY24 results
 "Infosys Q4 results: Net profit jumps 30% to Rs 7,969 crore, revenue up 1.3%")
TCS trades firm in weak market on strong Q4 show; brokerages remain upbeat
TCS reported a 9.1 per cent YoY growth in net profit at Rs 12,434 crore for Q4FY24, while revenue from operations rose by 3.5 per cent.
 "TCS trades firm in weak market on strong Q4 show; brokerages remain upbeat")
Ramco Systems zooms 20% on signing deal with Korean Air
The company has entered into an agreement with South Korea's largest airline, to implement its flagship aviation software, Ramco Aviation Suite at the airline's Engine Maintenance Center.
 "Ramco Systems zooms 20% on signing deal with Korean Air")
Infosys jumps 2% on hopes of Rs 6,329 cr tax refund
Over the weekend, Infosys received multiple orders from IT department with regards to tax demands and potential refund.