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What next for stocks of IT firms
Page 11 - Latest Updates on What next for stocks of IT firms
Tata Group becomes first Indian conglomerate to cross Rs 30 trn mcap
The sharp rally in the TCS stock boosted the Mumbai-based salt-to-software major's total mcap to Rs 30.6 trillion
 "Tata Group becomes first Indian conglomerate to cross Rs 30 trn mcap")
TCS rallies 4%, hits lifetime high; market cap crosses Rs 15 trillion
In past one month, TCS has outperformed the market by surging 12 per cent on encouraging deal wins during October-December quarter (Q3FY24).
 "TCS rallies 4%, hits lifetime high; market cap crosses Rs 15 trillion")
BLS E-Services makes robust debut; zooms 140% over its issue price
The Rs 311 crore Initial Public Offer (IPO) of BLS E-Services had received a whopping 162.38 times subscription.
 "BLS E-Services makes robust debut; zooms 140% over its issue price")
Budget cheer? Here's what drove 1,400-pt rally in Sensex, Nifty to new high
Reliance and IT stocks led the market rally as investors cheered the fact that Budget 2024 resisted the temptation of populist measures, and stuck to the fiscal prudence path.
 "Budget cheer? Here's what drove 1,400-pt rally in Sensex, Nifty to new high")
Stocks to watch on Budget day: Paytm, Godrej Consumer, Infra, rail, PSUs
Stocks to watch on February 1, 2024: Paytm expects an impact of Rs 300-500 crore to its annual EBITDA from the RBI's action on Paytm Payments Bank
 "Stocks to watch on Budget day: Paytm, Godrej Consumer, Infra, rail, PSUs")
BLS E-Services IPO sails through on Day 1: Here's all you need to know
BLS E-Services Rs 311 crore IPO was subscribed up to 2.5 times as of 11:30 AM on Day 1 of the offer period.
 "BLS E-Services IPO sails through on Day 1: Here's all you need to know")
TMS Ep608: Foreign universities, non-leather footwear, IT stocks, Atal Setu
Will students warm up to foreign universities in India? How can India scale operations in non-leather footwear? Will IT stocks keep driving markets? What is the Mumbai Trans Harbour Link? Answers here
 "TMS Ep608: Foreign universities, non-leather footwear, IT stocks, Atal Setu")
Infy, TCS, Wipro, HCLT: Chart suggests up to 14% upside as stocks breakout
The Nifty IT index is likely to trade with a bullish bias as long as the index sustains above 36,950 levels, suggest the daily chart.
 "Infy, TCS, Wipro, HCLT: Chart suggests up to 14% upside as stocks breakout")
Nifty IT near 2-year high; up 9% in 2 days post solid Q3 show by majors
The Nifty IT index was trading at its highest level since January 19, 2022. It had hit a record high of 39,446.70 on January 4, 2022.
 "Nifty IT near 2-year high; up 9% in 2 days post solid Q3 show by majors")
Wipro soars 13% to new 52-wk high on bets consulting biz drag bottoming out
The commentary on higher deal wins in the Consulting vertical indicates that the drag from that segment is now bottoming out, which should help improve overall growth, as per Motilal Oswal Securities
 "Wipro soars 13% to new 52-wk high on bets consulting biz drag bottoming out")
Infosys, TCS rally up to 7% post Q3 results; brokerages remain optimistic
The silver lining of the performances of these companies during the quarter was the total contract value (TCV) signed, which continued to show a healthy momentum.
IT stocks power tired markets to new highs; Sensex, Nifty gain over 1%
BSE IT index soars over 5%; analysts warn caution ahead
 "IT stocks power tired markets to new highs; Sensex, Nifty gain over 1%")
IT stocks decline amidst growth concerns pulls Indian equity benchmarks
Brokerages have been advising their clients to tread cautiously while taking positions in IT stocks, citing weakness in discretionary demand
 "IT stocks decline amidst growth concerns pulls Indian equity benchmarks")
Bulls have tired legs, look for fresh triggers; indices end in the red
Equity benchmarks decline amid profit-booking, Red Sea tensions
 "Bulls have tired legs, look for fresh triggers; indices end in the red")
Indian shares, bonds likely to continue rallying in 2024 on foreign inflows
Banks, information technology firms and metals will lead India's stock rally, with some push from defence and renewables, a market expert said
 "Indian shares, bonds likely to continue rallying in 2024 on foreign inflows")
Infosys dips 2% on termination of $1.5 bn multi-year deal with global firm
On September 14, 2023, Infosys had announced the signing of a $1.5 billion deal with a global company (which they had not named).
 "Infosys dips 2% on termination of $1.5 bn multi-year deal with global firm")
TMS 589: Funding winter, IT defer hikes, markets, two-state solution
Is India's funding winter thawing? Why is IT sector facing painful readjustments? Do IT stocks have more steam left? What is the two-state solution? All answers here
 "TMS 589: Funding winter, IT defer hikes, markets, two-state solution")
Nifty IT index surges 3%; Mastek, Sonata, Mphasis, Coforge rally up to 9%
At 10:12 AM, Nifty IT index, the top gainer among sectoral indices, was up 2.7 per cent
Stock of this IT firm soars 55% in one month; up 141% from issue price
Netweb Technologies India hit a record high at Rs 1,206.50, and has rallied 10% on the BSE in Tuesday's intra-day trade.
 "Stock of this IT firm soars 55% in one month; up 141% from issue price")
TCS hits 52-week high; extends rally post closure of share buyback
The stock was quoting higher for the eight straight trading session and rallied 6 per cent thus far in December.