Page 12 - Latest Updates on What next for stocks of IT firms

TCS says it trained over 350,000 employees in generative AI skills

Country's largest IT services company TCS on Friday said it has trained 3.5 lakh employees in generative AI skills. The company, which had in January announced that 1.5 lakh staffers are trained in the skill sets of what is said to be the biggest opportunity for IT services firm in the future, has now taken the number up to over half its employee base. "With over 350,000 employees trained on foundational skills in GenAI, TCS is well-poised to build one of the largest AI-ready workforces in the world," an official statement said. In 2023, it had become the first technology company to create a dedicated business unit for AI and cloud to address the growing needs of customers for cloud and AI adoption. TCS' work till now includes application of GenAI to enhance customer experience for airlines featuring natural conversations with customers when their flight is delayed or cancelled, and alternative routing options. It has also tapped into GenAI capabilities to streamline and simplify t

IT shares sink as Accenture cuts guidance; TCS, Infosys and HCLTech fall

FY25 outlook muted for the sector, say analysts

Stocks to Watch on Mar 22: Bharat Dynamics, IT stocks, Prestige, L&T, PCBL

Stocks to Watch on March 22, 2024: Bharat Dynamics' board has approved an Interim Dividend of Rs 8.85 and a stock split of one share into two shares

Growing interest: FMCG, telcos on foreign portfolio investors hot list

Analysts said large part of the flows into the FMCG sector were due to the block deal in ITC, where the British American Tobacco (BAT) sold a 3.5 per cent stake for around Rs 17,000 crore

TCS slips 3% after 21 mn shares change hands in block deals on BSE

At 09:15 am; around 20.93 million equity shares representing 0.58 per cent of total equity of TCS changed hands on the BSE, the exchange data showed.

CLSA downgrades TCS, HCLT; Nifty IT sheds 5% from 52-week high in February

The Nifty IT index was the leading sectoral loser in Tuesday's trade, down nearly 2 per cent at its intra-day low of 36,613. With this, the index has shed 5 per cent from its 52-week high of 38,560

IT stocks lift Nifty to record high; Sensex ends 535 points higher

Benchmark indices swing over 1.6% in intraday trade

Will IT sector be the dark horse of 2024 on rate cuts? What analysts say

Most global traders now expect the first Fed rate cut to be announced in June against early bets of March

TMS Ep633: Electoral bonds, startup rebound, IT stocks, Sora AI

What's next after the electoral bonds ban? Are India's listed startups turning the corner? Will IT sector be the dark horse of 2024? What is Sora AI? All answers here

Quess Corp surges 16%; hits 52-week high on three-way demerger plan

Quess Corp announced that its board of director plans to undertake a three way demerger of its diversified business segments, resulting in three listed entities with dedicated presence.

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

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).

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.

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.

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

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.

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

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.

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.

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